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Daily Analysis: Markets Settle Down ahead of the FED as Crypto-Coins Rebound

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Daily Analysis: Markets Settle Down ahead of the FED as Crypto-Coins Rebound

Introduction

This article was posted on Tuesday, 15:00, UTC.

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2434 0.35% DAX 12783 0.73 WTI Crude Oil 45.89 -0.42% GOLD 1264.00 -0.45% Bitcoin 2744 -1.51% EUR/USD 1.1210 0.05% The tech giants experienced a relief rally after the flash-crash on Friday, as the major global indices rebounded together with the NASDAQ. Traders took a step back before tomorrow’s key Federal Reserve meeting, causing a decline in trading volumes and volatility. Despite the snapback rally, the NASDAQ still seems wounded from a technical viewpoint and another leg lower in the correction is expected, at least testing the Monday lows. The better…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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