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Weekly Analysis: Stocks and Cryptocurrencies Surge as the Eurozone is Saved (For Now)

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Weekly Analysis: Stocks and Cryptocurrencies Surge as the Eurozone is Saved (For Now)


This article was posted on Saturday, 18:42, UTC.

Weekly Recap Current Value Weekly Change 2380 1.30% 12470 2.11% 49.19 -1.45% 1269.50 -1.71% 1318 7.85% 1.0898 1.63%   Traders could almost hear the collective sigh of relief in the financial world, as the French election removed the risk of an imminent political crisis in the Eurozone. Global stock indices surged to new bull market and all-time highs in the aftermath of the referendum, with the European indices understandably leading the way higher. The NASDAQ also continued to outperform the other majors, boosted by corporate earnings, while the Nikkei ignored the pronounced weakness in Chinese stocks, as Japanese traders celebrated…

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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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