Bitcoin (BTC/USD) and Ethereum (ETH/USD) exchange rates. Technical Forecast
Within the framework of the ongoing unwinding of speculative excesses, BTC/USD is coming off the top of a channel that is taking on the character of a bear-flag formation. This week's severe shift below is happening just as risk sentiment…
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How to Use PPI in Foreign Exchange Trading?
Due to its signaling impact on anticipated future inflation, PPI is a significant piece of economic data. Due to the strong correlation between inflation and interest rates, traders in the forex market keep an eye on PPI. However, their primary…
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4 Global Market Updates-19 August, 2022
In this article, we have covered the highlights of global market news about the USD/CAD, GBP/USD, NZD/USD, and EUR/USD. The USD/CAD is approaching 1.3000 as yields boost the DXY and oil eases ahead of Canada Retail Sales. During the first hour of Friday's…
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USD/CAD below 1.2900 post-US data, downside looks mitigated
Over a week, the high reached on Thursday was reversed intraday for USD/CAD. Despite a slight USD decline, rising oil prices support the Canadian dollar and put pressure on it. Positive US macroeconomic data and aggressive Fed predictions should provide…
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Crude Oil Price Reverses Three-Day Drop as US Crude Inventories Fall
Following a greater-than-anticipated drop in US stockpiles, oil prices have stopped falling for three days. Crude may stage a stronger comeback in the days to come as it breaks the string of lower highs and lows from the previous week.…
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