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U.S. equities advance higher on Fed’s dovish stance and lower yields

All 3 U.S. stock indices have started November on the right footing, posting their best trading week of the year so far last week, on hope for an end to the Federal Reserve’s rate-hiking campaign coupled with the solid Q3 earnings, the soft U.S. NFP data report, the falling crude oil prices, and the weaker U.S. dollar.

U.S. dollar retreated across the board on bets of no more Fed rate hikes

The DXY-U.S. dollar index retreated this morning to the nearly 106.20 mark, or 0.40% down, extending overnight losses, as investors increased bets that the Federal Reserve was done raising interest rates.

Gold retests $2,000/oz on geopolitical risk and recession fears

Gold shines again as its price is reapproaching the key $2,000/oz psychological level on surging demand for haven assets due to elevated geopolitical risk, disappointing Q3 earnings, and the recession fears in the Eurozone

Bitcoin has gained 15% in two days to $35,000 on Bitcoin ETF optimism

Bitcoin climbed as high as $35,000 on Tuesday morning, rallying 15% in 24 hours, while Ethereum jumped up to $1,850, driven by the growing optimism around the possibility of the approval of the first Bitcoin ETF (exchange-traded fund) from the world’s largest asset manager, BlackRock

Brent oil slipped to $91.50/b on diplomatic efforts to contain the Mideast crisis

Crude oil prices kicked off the first trading session of the week on left footing as concerns softened over the weekend that the conflict in the Middle East would escalate, as Israel held off on its ground invasion of Gaza amid diplomatic efforts to secure the release of more hostages

Brent holds above $90/b as traders assess Middle East turmoil

Crude oil prices turned slightly lower but held Friday’s 6% gains on the first trading day of the week, as energy traders assess whether the turmoil in the oil-rich Middle East could have an impact on global oil and gas supplies