Brent crude oil looks ahead to NFP data later today but remains focused on OPEC+ and the EU cap on Russian seaborne oil.

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There was no small measure of fundamental whiplash this past session. Despite the Fed’s favorite inflation indicator cooling on the back the market’s positive take on Powell’s remarks, the S&P 500’s breakout stalled. Nevertheless, the VIX dropped below 20 and the Dollar has finally broken its 200-day SMA. What will NFPs bring?

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The US indices – led by the blue chip Dow Jones Industrial Average – were knocked off course of a bullish breakout just a day after the initial launch. The monetary policy backdrop seemed to build upon Powell’s remarks Wednesday, but manufacturing activity brings recession concerns back into the mix. What will NFPs do?

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Bitcoin prices have fallen back into a narrow range of technical support and resistance that has restricted bulls or bears from gaining traction.

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USD/ZAR has rallied after a panel found SA President Cyril Ramaphosa guilty of violating his oath of office. Will the president resign, or could he be impeached?

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