Crude oil prices leapt higher to start the week after an unorthodox announcement from OPEC+ to cut output, stoking concerns of a surge in inflation. Will WTI hold the gains?
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Crude oil prices leapt higher to start the week after an unorthodox announcement from OPEC+ to cut output, stoking concerns of a surge in inflation. Will WTI hold the gains?
from DailyFX – Market News https://bit.ly/3MjdN3k
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The collapse of Silicon Valley Bank has so far seen markets squarely focus on the upside of dovish central banks as the first quarter ended. Will markets continue having it easy in the second?
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The U.S. dollar heads into the second quarter with a negative bias, challenging a key technical support and at risk of a significant breakdown that could put the February lows in play.
from DailyFX – Market News https://bit.ly/3zphrBd
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Q1 unfolded with price action oscillating between key levels. Q2 shows potential for a continuation of the long-term downtrend but signs of fatigue are showing
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EUR/USD has the potential to keep strengthening during the second quarter of 2023, but its upside will be limited considering the current macro and financial backdrop.
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