DXY

$3,000 gold and more outrageous market predictions investors shouldn't discount.

$3,000 gold and more outrageous market predictions investors shouldn’t discount.

Monday served as yet another blow to investors betting on a Goldilocks economy and a less aggressive Fed. Some are now not ruling out a Grinch-like turn from the central bank – a 0.75% rise next week instead of the 0.50% the markets had pinned their hopes on – following strong data on services, employment …

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DXY bounces off major support, reducing Bitcoin's chances of breaking the $17.2,000 resistance

DXY bounces off major support, reducing Bitcoin’s chances of breaking the $17.2,000 resistance

On December 2, the US Dollar Index (DXY), an index that measures the strength of the dollar against a basket of major foreign currencies, hit 104.40, the lowest level seen in 5 months. To recap, the weight of the US dollar against the basket of major foreign currencies has risen 19.6% in 2022 through September …

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End of year gathering?  Stock market uptrend set to come up against stagflation fears

End of year gathering? Stock market uptrend set to come up against stagflation fears

The period between now and the end of the year marks a historically bullish home stretch of the year for US equities, especially just before and after Christmas. The question for investors is whether favorable seasonal factors will be offset by economic fundamentals. The momentum for a year-end run in equities only seems to be …

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