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MC Prime: Daily Market Update 0429

MC Prime Daily News
mcprime

🔹US stocks have rebounded on positive news, supported by short covering and retail investor buying, but still face correction risks due to limited rate cuts and tariff pressures.

🔹Gold prices remain under pressure due to easing US-China trade tensions and heavy profit-taking after two years of strong gains.

🔹Overall, the stock market is likely to fl


uctuate within a wide range, while gold still has room for further decline.

📌Key Focus:

Today at 22:30 (GMT+8), the US Dallas Fed Manufacturing Business Index for April will be released. If the data exceeds expectations, it may further support the US dollar and continue to pressure non-US currencies.

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Last updated: 04/29/2025 02:28

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