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RNS Trading Thurs Mar 24

06:45 Big day in Economic Data - German CPI, US PCE - Inflation : BTC at $63K

Yesterday saw heavy selling across the board in the UK indices with the small and mid caps selling the most and with selling concentrated in pharmaceuticals Household goods and home construction, precious metals, Medical equipment supplies media. Banks continued to show positive momentum as did consumer goods and electrical equipment

US closed  with some selling led by techs with the Nasdaq down -0.54%

The US Dollar Index continues sideways and showed little reaction to yesterday's price PCE data  - full inflation data later today at 13:30  may move the needle

Gold dipped to the 21EMA and bounced  back to the $2036 level yet again staying rangebound - see Chart

Bitcoin,  blasted through the $60K levels and continues the parabolic move north currently at $64,000 and looks stretched and prone to a pullback

Brent still at $82 in a range   - Chart

Copper  flat at the top of channel and looks set to move north pending dollar moves

Dollar decision time ? - Click to enlarge

 

gold top of channel tracing 50 MA - Click to enlarge

Brent on the 200 MA  sideways, may sell - Click to enlarge

Bitcoins blast off in full parabolic mode - prone to pullbacks

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