Market correlations were a bit mixed this week, suggesting that major assets were mostly moving to their own rhythms. Traders were also likely struggling to balance different themes and stories, including mixed interest rate cut speeches from Fed members, weaker-than-expected global economic activity data, and geopolitical headlines. US stock indices saw midweek reversals while spot gold and crude oil prices took cues from USD demand at times. Bitcoin (BTC/USD) was a different animal this week as it delivered bumper gains for bulls. What headlines influenced the price action of major assets this week? We’ve got the details!
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