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Asian markets show mixed performance amid tariff uncertainty and inflation data

Asian markets exhibit mixed performances amid cautious risk sentiment, influenced by Donald Trump's tariff threats. The Nikkei 225 is down 0.40%, while the ASX 200 rises 0.56%. In Australia, inflation data shows a CPI drop to 2.1%, complicating rate expectations for the central bank. The AUD/USD pair responds positively, defending an upward trendline support.
03:36 27.11.2024

us election impacts on nasdaq bitcoin and oil markets

Volatility on Wall Street is influenced by the US election, with Bitcoin recently peaking at $73,600 before a pullback, supported by key levels between $67,000 and $65,000. A Republican victory could further boost Bitcoin prices.Crude oil faces pressure from geopolitical factors, including a potential tropical storm and tensions with Iran, with prices possibly heading towards the 200-day moving average at $77 if supply concerns escalate. The ASX 200 is poised for movement based on US election results, with resistance at 8,370-8,380 and support around 8,100, while the Australian dollar remains steady at 66.35 US cents, with potential swings depending on the election outcome.
00:33 07.11.2024
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