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Market Update Today: Dollar Up, Oil Falls

Dollar Up, but Moves Small as Focus Firmly on Jackson Hole


EUR/USD :A 1.1736 -0.0017 P:1.1753 -0.15%
JPY/USD :A 0.910650 -0.001350 P:0.912000 -0.15%
GBP/USD :A 1.3718 ] -0.07% P:1.3727 -0.0010


*The dollar was up on Tuesday morning in Asia
*Federal Reserve symposium that could herald the beginning of the asset

Oil Inventories Fell By 1.6M Barrels Last Week


WTI: P:67.64 BRENT: P:70.44
A:67.58 A:70.45


-US stockpiles fell last week, but the bullish sentiment on energy since the start of the week remained intact amid the latest wave of COVID-19.tapering and interest rate hikes.

S&P 500, Nasdaq at Record Highs; House Makes Progress on $3.5T Budget


Down jone P-35,335.71 A- 35,366.26 (+0.09%)
NASDAQ P-14,942.7 A-15,019.8 (+0.52%)
S&P 500 P-4,479.53 A-4,486.23 (+0.15%)


House Democrats broke the impasse, approving a $3.5 trillion budget resolution package. The vote paves the way for Democrats to write and approve the package without Republican support and locks in a September vote the bipartisan $1 trillion infrastructure bill passed in the Senate last month.

CITI Bank preparing for its debut with Bitcoin


P: $49, 678
A: $48, 363

CITI Bank prepares to start dealing with Cryptocurrencies


Source says it includes services for trading and giving their clients access withholding their own Cryptocurrency Asset

A sentiment from CITI Bank


“Given the many questions around regulatory frameworks, supervisory expectations, and other factors, we are being very thoughtful about our approach. We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks.”

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