WTI Crude Oil Rebounds Strongly Above $74.00, Focused on US GDP
Introduction: WTI crude oil is recovering from a four-week low, showing signs of a corrective bounce. Despite facing challenges such as a rebounding US Dollar and recession concerns that previously weighed it down, the black gold is now setting its…
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South Korea’s Economy Shows Resilience: Technical Recession Avoided, Reports UOB
Hey there, folks! It's time to celebrate some good news out of South Korea! According to a recent report by UOB Group economist Ho Woei Chen, the country has successfully avoided a technical recession in the first quarter of 2023,…
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USD/CNH Continues to Struggle Against Solid Resistance at 6.9650
Are you keeping an eye on the USD/CNH pair in the forex market? If so, you'll be interested to know that extra gains could be on the horizon, but there's a tough barrier to overcome around the 6.9650 level, according…
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Oil Prices Rise as Asian Stock Markets Remain Flat Despite Upbeat US Tech Earnings
It's a rocky road for Asian stock markets as renewed US banking jitters create immense selling pressure. The Japanese stocks have taken a sharp dip, despite the Bank of Japan's (BoJ) chances of continuing their ultra-dovish monetary policy. However, there's…
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USD Index Holds Steady at 101.80 Amid Anticipation of Market Data
Hey there, traders! It looks like the greenback is off to a rocky start this week. The USD Index (DXY) gave up some gains yesterday and is trading with marginal losses near 101.80 today. But don't worry, there's still hope…
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