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Hot Market News

Stay on top of the key financial market events with daily news from NAGA Team
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Major events
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2023-06-02
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12:30 (GMT)
🇺🇸 Nonfarm Payrolls(May)
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2023-06-01
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12:15 (GMT)
🇺🇸 ADP Employment Change(May)
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2023-06-01
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14:00 (GMT)
🇺🇸 ISM Manufacturing PMI(May)
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2023-05-31
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12:30 (GMT)
🇩🇪 Harmonized Index of Consumer Prices (YoY)(May) PREL
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2023-05-31
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12:30 (GMT)
🇪🇺 ECB's President Lagarde speech
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2023-05-30
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17:00 (GMT)
🇺🇸 Fed's Barkin speech
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2023-05-30
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23:00 (GMT)
🇦🇺 RBA's Governor Lowe speech
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2023-05-26
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12:30 (GMT)
🇺🇸 Nondefense Capital Goods Orders ex Aircraft(Apr)
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2023-05-26
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12:30 (GMT)
🇺🇸 Durable Goods Orders(Apr)
2 Jun 2023

⚪️ Elon Musk is accused of Dogecoin price manipulation, a claim that has landed him in an insider trading lawsuit. The class action comes as DOGE investors claim to have suffered billions of dollars in losses. April's temporary Twitter logo switch features among the accusations, with Musk accused of up to 36,000% pump-crash. This comes days after the Wahi brothers were released from a similar case by the SEC. Source: fxstreet.com

⚪️ Bitcoin price is consolidating above the $26,500 support. BTC could decline heavily if there is a clear move below the $26,500 support. There is a key bearish trend line forming with resistance near $27,220 on the hourly chart of the BTC/USD pair. The pair could correct higher, but upsides might be contained above the $27,500 resistance. Source: newsbtc.com

🟢 Litecoin price is close to breaching the barrier at the $102 mark. Over the last 48 hours, transactions in losses have increased, indicating a potential buying signal. A chunk of the supply has moved from the whales to investors over the last month as investors accumulate ahead of the upcoming halving. Source: fxstreet.com

⚪️ Avalanche protocol’s DeFi head said in a recent interview that risk is mounting with a concentration of DeFi activity in Ethereum Layer-2 solutions.  An attack on Ethereum Layer-1 could impact all on-chain systems and assets on Layer-2 solutions.  Luigi DeMeo believes the war for dominance among Layer-1 solutions is on and Avalanche is competing with Ethereum. Source: fxstreet.com

🟢 Ethereum price started a decent increase above the $1,870 resistance against the US Dollar. ETH could attempt an upside break above the key $1,920 resistance. There was a break above a key bearish trend line with resistance near $1,870 on the hourly chart of ETH/USD. The pair could start a strong increase if it clears the $1,880 and $1,900 resistance levels. Source: newsbtc.com

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