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Latest News

Latest News

20
Apr

WTI looks to Close OPEC+ Output Cut Gap

🔽 OIL.WTI is pulling back and looks to close bullish price gap Oil prices are pulling back and are one their way to close the bullish price gap that was triggered by unexpected OPEC+ decision to cut output. Taking a look at WTI (OIL.WTI) at D1 interval, we can see that the recent price advance […]

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20
Apr

Mixed Earnings From American Express (AXP.US)

American Express (AXP.US), a US financial services company specializing in payments cards and a Dow Jones member, reported earnings for Q1 2023 ahead of the Wall Street session open today. Headline results from the company turned out to be mixed – EPS missed median estimate while revenue came in above expectations. Quick summary of American […]

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20
Apr

NATGAS Dips Below $2.20 After EIA Report

US Energy Information Administration (EIA) released a weekly report on natural gas inventories today at 3:30 pm BST. Report was expected to show a 69 billion cubic feet increase in US stockpiles. However, actual report showed an even bigger build of 75 billion cubic feet. This is a second inventory build in a row and […]

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20
Apr

Momentum Lost After Hawkish Comments From Central Bankers

The major indices in the US seem to lose momentum after still hawkish comments from central bankers of major economies and tight monetary policy, which is starting to affect macroeconomic data. Today, investors already got familiar with two economic data: During the ECB meeting most bankers agreed to hike rates by 50 bps. However, some […]

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20
Apr

Technical Analysis DAX30

The German leading index is coming under increasing pressure. W1 chart The DAX future / DE30 is falling today, pulling back from the high for the year, which was reached yesterday at 16,056 points. The record high remains the key resistance – the gap is around 400 points. In case of further losses, the breakout level at […]

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20
Apr

ECB Minutes: Majority Bankers in Favour 50 bps

Key takeaways from the latest ECB meeting: Basically, we do not see a reaction to the minutes. EURUSD reaches the 1.0980 zone and retreats from that level. There is basically nothing new in the Minutes. The earlier, stronger “hawkish claw” is missing. At the same time, it is simply a continuation of the earlier overtones. […]

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20
Apr

ECB Minutes And Earnings Earnings Today

The futures market is pointing to a slightly lower opening of the European cash session. Investor sentiment continues to be influenced primarily by concerns over a firmer continuation of the central banks’ interest rate hike cycle. Wick of the ECB and Williams of the Fed stated today that inflation in Europe and the US is […]

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20
Apr

EUR/USD Ticks Higher on ECB’s Knott Comments

March 2023 German PPI inflation comes in at 7.5% YoY (forecast: 9.9%; previous: 15.8%) In MoM terms, inflation dynamics fall by -2.6% against expectations of -0.6% and the previous level of -0.3%. The EURUSD pair has been subject to increased volatility in recent minutes. First, the ECB’s Knot commented that the ECB still has a […]

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20
Apr

Market Re-Cap

Indices on Wall Street ended yesterday’s session in mixed sentiment. Equities showed volatility as traders analysed the latest US company results. However, an important factor was concerns over the continuation of the interest rate hike cycle, which rose after a higher-than-expected UK inflation reading.  The S&P 500 ended trading 0.01% lower on the day. The […]

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20
Apr

Analysis Bitcoin

The largest cryptocurrency was unable to sustain the bullish momentum and failed to hold longer above $30,000 where stronger supply was once again triggered. The declines come as markets began to see a chance for more Fed rate hikes as Waller and Bullard of the Fed cooled recent optimism over the May pivot. Also, comments […]

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