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Stock markets bounce back after touching the lowest point of 2022

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Meysam H on 2022-09-28, 4:01:30 p.m.
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The story of the latest us inflation report

Meysam H on 2022-09-14, 2:49:28 p.m.
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Meysam H on 2022-09-09, 4:46:10 p.m.
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US S&P 500 and tech-heavy Nasdaq lost 5.79% and 4.78% this week.

Vanex Group on 2022-07-04, 10:14:50 a.m.
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US dollar and oil prices declined subsequently. West Texas Intermediate dropped 2.5% to $116 a barrel. US dollar stands at 1.29 against the Canadian dollar. The Crypto market rout continued with Bitcoin falling below $22,000, the lowest level since two years ago.

Vanex Group on 2022-06-17, 11:10:52 a.m.
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While inflation is hot in North America, the job market looks tighter than ever. In Canada, employers continued to hire at a robust pace last month, driving the unemployment rate to a record low of 5.1% and increasing wages by 3.9%.

Vanex Group on 2022-06-13, 10:01:44 a.m.
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The conflict in Ukraine and China’s lockdown were the major concerns for the markets driving energy prices. Oil prices continued their relentless rally, with WTI at $122.5 a barrel as inventory data underlines the supply shortage.

Vanex Group on 2022-06-13, 9:58:38 a.m.
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US dollar continued its long-expected decline from recent intense highs and standing at 1.26 against the Canadian dollar.

Vanex Group on 2022-06-13, 9:56:07 a.m.
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The Crypto market crash caused by the UST stable coin, which went from being pegged to one dollar to zero, is now stabilized. However, Bitcoin and Ethereum are still down 25% and 32% monthly, respectively. The US dollar remains strong on the currency side, though coming off the recent highs and standing at 1.28 against the Canadian dollar.

Vanex Group on 2022-05-18, 3:44:31 p.m.
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Jack Dorsey, co-founder of Twitter, sold his first tweet as an NFT for $2.9 million.NFTs are essentially digital versions of tangible collector's artefacts. As a result, rather than receiving an actual oil painting to put on the wall, the customer receives a digital file.

Vanex Group on 2022-05-13, 4:42:46 p.m.
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NFTs are usually one-of-a-kind, or at the very least limited-edition, and feature unique identification numbers. "Essentially, NFTs generate digital scarcity," explains Arry Yu, managing director of Yellow Umbrella Ventures and chair of the Washington Technology Industry Association Cascadia Blockchain Council.

Vanex Group on 2022-05-13, 3:52:53 p.m.
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On the currency side, the US dollar remains the strongest against other major currencies as the safe haven, with the Japanese yen losing 11.7% and standing at 130.3 against the USD. The Canadian dollar is the least beaten, standing at 1.30 against the USD. Besides the other risky assets, cryptocurrencies are also taking a hit, with Bitcoin losing 27% last month and dipping below USD31,000 for the first time since 2021.

Vanex Group on 2022-05-13, 10:29:47 a.m.
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Meanwhile, in the crypto markets, where bulls believed Bitcoin could touch $100k in 2022, the leading coin fell below USD30k for the first time since 2021 as investors feared the 2018 collapse. According to Bloomberg, more than 42% of Bitcoin investors are now at a loss on their investments.

Vanex Group on 2022-05-13, 10:09:10 a.m.
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While US officials hope to achieve their soft-landing by not raising the rates too high, some analysts believe the rates should go as high as 5%, which puts the US and global economy into forced recession, raising living costs for consumers with record-high household debts.

Vanex Group on 2022-05-03, 1:36:39 p.m.
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West Texas Intermediate remains elevated at $103.88, and gold stands at $1891.1 an ounce. US dollar continues to hold the ground against other major currencies, especially against the beaten Japanese Yen at 130.2 JPY.

Vanex Group on 2022-05-02, 12:16:07 p.m.
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In the FX market, the US dollar continues to be the best performing currency against all the pairs year to date, standing at 1.28 CAD. Much of the research believe USD is overvalued and is driven by the rate hike cycle of the US central bank.

Vanex Group on 2022-05-02, 12:13:29 p.m.
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Vanex Group on 2022-04-15, 10:35:24 p.m.