WTI Oil Forecast: Break over $90 to Continue Rally
Fundamental Outlook for WTI WTI Oil has had a successful week and is on track to post its biggest weekly rise since March. Russian oil export prices have been capped, and OPEC+ has announced intentions to cut production by 2…
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4 Global Market Updates- 7 October, 2022
In this article, we have covered the highlights of global market news about the USD/CAD, AUD/USD, EUR/USD and NZD/USD. USD/CAD: Positive Canadian employment growth is unlikely to prevent a revisit of 1.3830 highs - ING Canadian job statistics will be released, but according to analysts…
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4 Global Market Updates- 6 October, 2022
In this article, we have covered the highlights of global market news about the EUR/USD, GBP/USD, USD/JPY and USD/CAD. EUR/USD: Parity increasingly challenging to achieve - ING On Wednesday, the EUR/USD displayed resistance near the 1.0000 level before reversing course. ING economists predict the pair…
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How Do Forex Traders Use ISM Data?
ISM data significantly impacts currency values internationally, making the ISM manufacturing index an essential factor in forex trading. Understanding this information (and how to be ready for its monthly publication) is crucial since the ISM manufacturing, construction, and services indices…
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NZD/USD Price Analysis: Bearish RSI suffocates bulls over 0.5800
As the USD rebounds, the NZD/USD reverses the whole RBNZ-led gain. At its meeting in October, the RBNZ delivered an aggressive rate rise of 50 basis points. The NZD is unable to maintain its upward momentum over 0.5800. At the…
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