A combination of relative dollar strength and tightening financial and credit conditions currently weigh on oil prices as global demand is brought into question
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A combination of relative dollar strength and tightening financial and credit conditions currently weigh on oil prices as global demand is brought into question
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Gold prices look to push back above the $2000 mark but could be hampered by Fed speakers later today.
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GBP/USD rises, but bullish momentum wanes as prices approach cluster resistance. Meanwhile, USD/JPY extends its advance after clearing a key trendline late last week.
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The broader dollar downtrend combined with lower interest rate expectations continue to buoy non-interest-bearing commodities like silver
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The Canadian dollar retreated on Wednesday, pressured by falling oil prices. The Nasdaq 100 also moved lower, with the tech index carving out a bearish double top pattern on the two-hour chart.
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