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⚡ $BTC is trading in a tight range ahead of the Fed minutes, with improving ETF inflows helping stabilize sentiment.
Compression around resistance often precedes volatility, making this a key setup for traders.
➡️ Read more: myfxbook.com/analysis/bitco…
🥈 #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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What’s next for #DowJones?
🗓️ The Dow Jones is holding steady after closing above 53,000 for the first time ever on Monday.
The broader market was also strong, with the Nasdaq jumping 1.1% and the S&P closing 0.7% higher.
⬇️ Read more
🤖 The #DowJones has benefited from a recent rotation out of tech into more cyclical stocks.
Market participants are also looking ahead to tomorrow’s FOMC minutes for fresh clues on the outlook.
📈 The Dow Jones continues to trade within an ascending channel, rising to the
📈 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.
➡️ Full analysis: eng.primexbt.com/lAro7C
This week’s #PrimeXBT market report:
📄 FOMC minutes could offer fresh clues on the Fed’s next move
📊 US ISM Services PMI to gauge economic momentum
🥇 #Gold rebound stays in focus as market sentiment shifts
👉 Read more: eng.primexbt.com/lAro7C
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🔍 Top economic events
🇪🇺 Eurozone Retail Sales: Key data for understanding consumer spending across the Eurozone.
🇺🇸 US ISM Services PMI: A key gauge of service sector activity and overall US economic momentum.
What’s next for #EURUSD?
💸 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.
🇺🇸 However, USD upside appears limited in the near term
🇺🇸 US ISM Services PMI arrives at 14:00 UTC
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.
📉 #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.
👉🏼 Full analysis: eng.primexbt.com/EdsdGd