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๐ฅ #Silver sits at the crossroads of industry and investment.
Used in everything from solar panels to electronics, its price can react to both economic trends and industrial demand.
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Whatโs next for #DowJones?
๐๏ธ The Dow Jones is holding steady after closing above 53,000 for the first time ever on Monday.ย
The broader market was also strong, with the Nasdaq jumping 1.1% and the S&P closing 0.7% higher. ย
โฌ๏ธ Read more
๐ค The #DowJones has benefited from a recent rotation out of tech into more cyclical stocks.
Market participants are also looking ahead to tomorrowโs FOMC minutes for fresh clues on the outlook.ย
๐ The Dow Jones continues to trade within an ascending channel, rising to the
๐ The #Nasdaq is testing a critical zone as positive index news collides with rising geopolitical risk.
The market is approaching an inflection point where momentum, volatility & macro headlines could drive the next directional move.
โก๏ธ Full analysis: eng.primexbt.com/lAro7C
This weekโs #PrimeXBT market report:
๐ FOMC minutes could offer fresh clues on the Fedโs next move
๐ US ISM Services PMI to gauge economic momentum
๐ฅ #Gold rebound stays in focus as market sentiment shifts
๐ Read more: eng.primexbt.com/lAro7C
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๐ Top economic events
๐ช๐บ Eurozone Retail Sales: Key data for understanding consumer spending across the Eurozone.
๐บ๐ธ US ISM Services PMI: A key gauge of service sector activity and overall US economic momentum.
Whatโs next for #EURUSD?
๐ธ EUR/USD is holding steady around 1.1430, a two-week high, after gaining 0.5% last week.
The USD is finding some safe-haven support as Iran seeks to tighten control over the Strait of Hormuz.
๐บ๐ธ However, USD upside appears limited in the near term
๐บ๐ธ US ISM Services PMI arrives at 14:00 UTCย
Expectations are for US ISM services PMI to ease to 54 in June, down from 54.5 in May.
The level 50 separates expansion from contraction, so it supports the view that the dominant sector in the US economy continues to grow.
๐ #Brent crude remains under pressure as OPEC ramps up production and supply concerns outweigh geopolitical risk.
Price is consolidating near a key support zone, where a breakdown could accelerate the prevailing downtrend.
๐๐ผ Full analysis: eng.primexbt.com/EdsdGd