Tough Path Ahead: WTI and Brent Oil Prices Near Confluence Zone
Crude oil prices have witnessed a robust bounce, with WTI and Brent experiencing back-to-back days of gains, despite the prevailing strength of the US dollar. Various factors have contributed to this recent upswing in oil prices, including comments from the…
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Reserve Bank of India Clarifies Withdrawal of Rs 2000 Notes as a Statutory Exercise, Not Demonetization
Reserve Bank of India (RBI) officials appeared before the Delhi High Court to address concerns regarding the withdrawal of Rs 2000 notes, clarifying that it was a statutory exercise rather than a demonetisation move. The court session revolved around a…
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Feeble Forecast for UK Inflation Sparks Doubt: GBP/USD Alert
In the realm of currency trading, GBP/USD pair has been drawing attention as the feeble forecast for UK inflation raises eyebrows. It is anticipated that the inflation rate for April will experience a significant drop to 8.2%. However, market participants…
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Australia and New Zealand Dollars Await Direction Amid US Debt Impasse
The Australia and New Zealand dollars await direction as the US debt impasse weighed on market sentiment. Talks between President Biden and House Speaker McCarthy failed to yield any progress, leaving investors uncertain about the future direction of the currencies.…
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Bitcoin Trading Range Plunge Sparks Anticipation for Impending Volatility in Crypto Market
The bitcoin trading range plunge has entered a phase of stagnation as the crypto market settles into the tightest price range seen in months. Despite ongoing concerns regarding the stability of U.S. regional banks and the country's debt ceiling, Bitcoin's…
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