Japanese stocks jump, dollar firms on trade hopes; bitcoin soars | Metals Mine

  • Japanese stocks jump, dollar firms on trade hopes; bitcoin soars

    From uk.finance.yahoo.com

    Japanese stocks jumped on Friday, supported by the dollar's surge against the yen, after a U.S. trade deal with Britain fuelled hopes of progress in tariff talks with other countries. Bitcoin soared to the highest since January and U.S. crude ticked up after a more than 3% surge on Thursday, when President Donald Trump announced the agreement with British Prime Minister Keir Starmer - the first in the month since Trump started a 90-day pause on trade tariffs to allow room for negotiations. At the same time, concerns that the limited trade agreement with London may not provide much of a blueprint for additional deals ... (full story)

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Trader#FE51
May 9, 2025 1:04am
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Probability of the Fed cutting by 50bps in June is high in my personal opinion. So, the strength of the USD probably won't last for too long. BitCoin and other cryptocurrencies are heading higher as the current system is being converted into a digital one. CBDC's are currently in the testing phase and will probably roll out in the next couple of years or perhaps even sooner.
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