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Below is a list of the implied volatility daily ranges for various assets. These levels are based on 1-month implied volatility and can be used as dynamic and market-based levels of support and resistance. Implied volatility suggests that if prices were normally distributed, there’s approximately: A 68.2% chance that future price movements will stay within
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Gold hit yet another lifetime high in the opening trade on Thursday taking cues from the international commodity prices. US Fed chair Gerome Powell’s statement that the recent job numbers and higher-than-expected inflation readings do not significantly alter the central bank’s monetary strategy, lifted the investor mood for bullion triggering a fresh wave of buying
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Dollar was sold off overnight after weaker than expected ISM Services data, and the weakness persisted following comments from Fed Chair Jerome Powell. Powell downplayed the significance of recent robust labor and inflation figures, suggesting them as fluctuations in “bumpy road” of moderating demand and inflation. This narrative reinforces the market’s anticipation that Fed is
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The major US stock indices are closing mixed. The Dow industrial averages lower. The broader S&P and NASDAQ indices are up modestly. The final numbers are showing: Dow Industrial Average -43.23 points or 0.31% S&P index of 5.78 points or 0.11% at 5211.59 NASDAQ index up 37.01 points or 0.23% at 16277.46 The small-cap Russell
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Flat Rock, North Carolina, parked tractor trailer billboard with now hiring, Ingles supermarket.  Jeff Greenberg | Universal Images Group | Getty Images Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday. Companies added 184,000 workers on
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EUR/USD is rebounding from intraday-chart oversold lows.  Eurozone inflation data on Wednesday could impact interest-rate expectations and the exchange rate.  The recovery could rise a little further but the short-term trend remains bearish.    EUR/USD is edging higher on Wednesday, making it back into the 1.0770s and extending the previous day’s rebound from six-week lows. It
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