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 …

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