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A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future...

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Why did Gold spike up? Gold reached a historic peak on Wednesday, March 20, 2024, following remarks by Federal Reserve Chairman Jerome Powell regarding the possibility of three interest rate cuts throughout the year. However, it's important to note that the exact timing and extent of the rate adjustment remain uncertain, pending further evaluation of incoming...

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Bitcoin Surging Past All Time Highs: Bitcoin has surged to a new all-time high, reaching $73,835 early on Tuesday, marking a significant increase from its valuation of $44,000 at the beginning of the year. This rapid resurgence has also driven up the prices of other popular cryptocurrencies like ether and Solana in recent days. Analysts attribute Bitcoin's rally...

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If the Federal Reserve issues a hawkish statement indicating that they intend to keep interest rates held at 5.50%, it suggests that they are committed to maintaining a tight monetary policy stance to combat inflation or other economic concerns. Here's how the EUR/USD currency pair might react: Euro Depreciation: A hawkish stance from the Fed typically...

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Lets start of by understanding what interest rates are: Interest rates are the cost of borrowing money, typically expressed as a percentage of the principal loan amount. Central banks, like the Federal Reserve in the United States, set interest rates to influence economic activity. Here's how interest rates impact financial markets: Bonds: When interest...