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Weekly Analysis: Cryptocurrencies Shake Off Weakness as Stocks Rally to New Highs and Oil Falls

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Weekly Analysis: Cryptocurrencies Shake Off Weakness as Stocks Rally to New Highs and Oil Falls

Introduction

This article was posted on Saturday, 15:50, UTC.

  Weekly Recap Asset Current Value Weekly Change S&P 500 2434 1.05% DAX 12822 1.85% WTI Crude Oil 47.78 -4.21% GOLD 1282.00 1.21% Bitcoin 2513 14.32% EUR/USD 1.1280 0.88%   Stock markets continued to go higher this week, especially the Japanese and the US exchanges where the main benchmarks all hit new highs and all-time highs respectively. The NASDAQ returned to the spot of the global leader, while the S&P 500 also marched to new highs, despite the weakness in financials and the energy segment and the generally negative economic news. European markets have been more mixed, with the German…

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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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