Wednesday, April 24, 2024
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Oil buoyed by lower stockpiles and Iran

US crude stockpiles fell by 4.5 million barrels last week after a 10.176-million jump in the prior week The oil market has been in recovery mode...

Euro lacks demand to stage recovery

The EURUSD pair is to overcome the descending 20-DMA at this stage in order to see a more pronounced bounce The euro is back under pressure...

Bitcoin approaches danger zone

The BTCUSD pair may retarget the $26,000 handle that triggered a bounce in late September Bitcoin has been losing ground since late last week to see...

Dollar rally pauses, but bulls remain in the game

The buying pressure surrounding the USD eased as Treasury yields retreated The US dollar pulled back from an 11-month high as risk sentiment has improved across...

Oil licks wounds after profit-taking

Next, the market focus will shift to OPEC+ that will hold a ministerial panel Oil prices plunged on Monday on the rallying dollar and profit-taking that...

Bitcoin steady but uncertain

To start a more sustainable recovery wave, the digital currency needs to settle above $26,600 Bitcoin holds steady this week, oscillating above the $26,000 figure, with...

Dollar steady ahead of Fed meeting

The central bank’s decision will set the tone for the greenback later in the week The US dollar looks steady on Tuesday after a modest three-day slide....

Oil at 10-month highs despite firmer dollar

Traders will soon shift focus to China that will reveal industrial production and retail sales data on Friday Oil prices have been trending north for the...

Buyers pull bitcoin off the edge of a breakdown

The question now is whether the digital currency manage to extend the bounce and refrain from another sell-off After four days of losses, the price of...

The yen needs BoJ intervention

The Japanese currency struggles to attract safe-haven demand as traders prefer to buy US dollars instead The Japanese yen has been on weak footing these days,...