#MarketRebound In the cryptocurrency market, Bitcoin has risen from $84,700 to $90,700 yesterday, then continued to surge today and surpassed $94,000/BTC by the end of the day. In the global gold market, the spot gold price closed yesterday in the US down $43.7 to $3,379.7/ounce. In the Asian trading session this morning, the gold price fell to $3,300 before recovering to $3,330/ounce by the end of the day. In the foreign exchange market, the US Dollar Index (DXY) stood at 98.87 points. In the oil market, by late afternoon today, according to Asian time, the price of US crude oil (WTI) increased by $1.04 (+1.63%) to $64.71/barrel. The price of Brent crude oil also rose by $1.04 (+1.54%) to $68.36/barrel. ๐๐ NEWS ๐๐ They wonder why today the Financial Markets are recovering? Here is the reason: ๐ช๐ช This is one of the most important REASONS why the FINANCIAL MARKETS are recovering today โ
Bessent is going to Japan to discuss the AGREEMENT between the US and Japan โ
Today the US confirms that they are close to finalizing the agreement with Japan ๐ฅ๐ฅ What's special ๐ฅ๐ฅ โ
The key point here is that investors hope that the agreement will stipulate that Japan: ๐จ Stops interest rate hikes and/or cuts ๐จ Japan resumes BUYING US bonds And this is entirely possible because it has always been the case: ๐ฆ๐ฆ The amount of US bonds that Japan holds has increased from $573,000M in 2017 to over $1T in 2010