World stocks clocked up more record highs on Thursday after U.S. data had narrowed the odds on a September Fed interest rate cut, while Europe was on politics watch again as UK voters headed to the polls in national elections.
The dollar retreated slightly Thursday, continuing Wednesday’s weakness, after the release of data showing softer-than-expected ADP employment figures and a weak purchasing managers index reading on non-manufacturing activity.
Oil prices edged lower on Thursday, retreating from the previous session’s multi-month highs, with investors taking profits as demand caution remained in focus despite last week’s decline in U.S. inventories.
The next major support level, which is around $55,000, may be reached if the price is unable to gather momentum and breaks below the 200 EMA at $58,260. Bitcoin needs to maintain above the 200 EMA and gain upward momentum in order to have a more optimistic outlook.
“Given deterioration in the market environment and elective decisions we have made to refocus our investments in strategically prioritized areas, we have reassessed certain growth assumptions, resulting in a non-cash impairment of 11.4 billion Swedish crowns ($1.1 billion),” said Vonage CEO Niklas Heuveldop, who got the top job in February.
