
Debt ceiling in focus; US Dollar gaining speed
Heading into next week, expect for US debt ceiling negotiations to dominate all news flow.
Heading into next week, expect for US debt ceiling negotiations to dominate all news flow.
The Oil price is very much in focus once again today as investors await more global data releases
This situation has overall become such a seasonal issue in headlines that no one is really pricing in a realistic probability that the largest economy in the world will actually default.
From the technical outlook side of the charts Gold is clearly bullish and buyers found a fresh round of inspiration after punching through $2000 at the beginning of the week. The precious metal should be a central function of an investor portfolio and for good reason.
There are a couple of explanations as to why the USD can afford to ignore the US GDP slowdown – for now. Despite the data announcement on headline achieving anything but limiting prolonged concerns around a recession.
Bitcoin and Gold can be considered as investment assets to look upon as star performers during 2023.
Gold price is losing momentum becuase traders are doing something unusual while Bitcoin is holding on to its gains
Bitcoin price has surged after US and its allies sanctions Russia and cuts it from its SWIFT banking system
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