American Stocks Trim Losses in Attempt to Recover Buyer Strength

After U.S. consumer prices were presented positively on Tuesday, deviating from expectations with an annual consumer price index (CPI) increase of 3.1% instead of the expected 2.9%, stocks attempted to recover as there is a possibility that the U.S. Federal Reserve will keep interest rates low for the current year.

Topic

American Stocks

U.S. Dollar

Bitcoin

American Stocks

The Nasdaq index retreated from its all-time high of around 18,000, achieving its largest decline this year and reaching approximately 17,500.
It is noteworthy that the strength of the U.S. job market and the results of American companies play a crucial role in the movements of U.S. indices,
and they may contribute to the return of positive movements once again.

U.S. Dollar

The U.S. dollar gains ground as the likelihood of keeping interest rates for an extended period rises. The U.S. Dollar Index responded positively, reaching near 105. This positivity comes in light of the U.S. consumer prices released during Tuesday’s trading session, with the annual consumer prices stabilizing around 3.1%. Meanwhile, core consumer prices, contrary to expectations, showed a higher positivity than the previous reading, which was around 0.3%, remaining stable at 0.4%. This prompts investors to assess the scene that the U.S. Federal Reserve will make a delayed cut to U.S. interest rates this year.

Bitcoin

Bitcoin achieves a new yearly peak and rises above 50,000

After the release of U.S. consumer price data yesterday, which led investors to lower expectations of an early cut by the U.S. Federal Reserve this year, Bitcoin maintains its upward trend momentum. This is due to the increase in liquidity accumulated by the digital asset after the approval of the establishment of (BlackRock) and (Fidelity Investments) funds by the U.S., which has attracted approximately $3.3 billion so far. This raises the likelihood that Bitcoin will maintain a context of positive movements.

American Stocks Trim Losses in Attempt to Recover Buyer Strength

American Stocks Trim Losses in Attempt to Recover Buyer Strength

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