The crude oil price is back to levels not seen since before the Russian invasion of Ukraine as inventory increases and hopes of added production ease supply woes.
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The crude oil price is back to levels not seen since before the Russian invasion of Ukraine as inventory increases and hopes of added production ease supply woes.
from DailyFX – Market News https://bit.ly/3Q05sAB
via IFTTT
Gold prices soared in the best single-day gain in almost 4 months. Markets may be pre-positioning themselves for non-farm payrolls data. But, a larger threat is looming down the road.
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EUR/USD appears to be staging another attempt to test the former support zone around the May low (1.0349) as it retraces the decline from earlier this week.
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The Australian Dollar rose against a broadly weaker US Dollar. AUD volatility may rise on the RBA’s Statement on Monetary Policy. Meanwhile, traders are preparing for the US jobs report due out ton…
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The price of oil appears to be on track to test the February low ($86.55) as it clears the July low ($90.56) following the OPEC Ministerial Meeting from earlier this week.
from DailyFX – Market News https://bit.ly/3zU2ubn
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