Financial markets are turbulent again: US dollar fluctuates, GDP exceeds expectations, gold is under pressure, and Bitcoin has a rare technical rebound
Recently, the financial market has ushered in a turbulent moment again. The US dollar index hovered around 104.31, and the bulls were unwilling to be outdone. They had fought hard to attack 104.46 overnight, but then fell into a stalemate. The strong performance of the US economy has become the focus of the market. The GDP data unexpectedly exceeded expectations. This news was like cold water to extinguish the dovish fantasy of the market. The US dollar bulls took this opportunity to try to consolidate their positions.
At the same time, the US political stage is also very lively. Vice President Harris announced that he is fully prepared to face Trump in the debate on September 10. This political drama has undoubtedly added more uncertainty to the market.
In the precious metals market, gold is facing heavy + exchange Junyang: 954737157 selling pressure, and the price hovered around $2,364. Investors' demand for safe-haven assets has weakened. However, in the field of digital currency, Bitcoin has shown amazing resilience. Recently, Bitcoin has rarely seen the "Hashrate Ribbon" technical signal. This positive sign seems to have injected a shot of adrenaline into the market, pushing the price of the currency to rebound strongly and re-enter the $66,000 mark, giving investors hope.
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