Technical Analysis
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EIA Report And Current Middle Eastern Conflict Let’s the Blind Lead The Bind
EIA data showed a stronger-than-expected decline in fuel inventories in the US, although crude oil inventories increased more than forecast.…
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Meta’s Propriety AI Chips “No Dependence no Control”
Meta Platforms is intensifying the development of its own artificial intelligence chips as part of the strategic MTIA project, planning…
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Trade of The Day – EUR/JPY
Facts: On March 9, the EUR/JPY rate returned above the 30-day exponential moving average (EMA30; light purple) and has maintained…
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Inflation heated up even before the energy price shock
Let’s take a break from the escalating conflict in the Middle East and turn our attention once again to macroeconomic…
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WTI Price Struggles near $82.00, 200-hour holds the key for bulls amid Iran war
WTI attracts fresh sellers on Wednesday, though it manages to hold above the 200-hour SMA. The broader technical setup has…
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U.S. CPI set to hold steady at 2.4% YoY in February
The US Consumer Price Index is expected to rise 2.4% YoY in February. Annual core CPI inflation is expected to…
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EUR/USD Price Forecast: Eyes 1.1650 barrier near nine-day EMA
EUR/USD may navigate the region around the seven-month low of 1.1468. The 14-day Relative Strength Index at 38 indicates persistent…
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Gold bulls seem hesitance despite Middle East tensions and softer USD; US CPI awaited
Gold benefits from the flight to safety amid a further escalation of the conflict in the Middle East. Easing inflation…
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Gold steadies on softer USD, lower yields and easing inflation fears
Gold trades firm on Tuesday as a softer US Dollar and lower Treasury yields provide support. A sharp pullback in…
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Chart of The Day – Nikkei 225
The Japanese Nikkei 225 (JP225) index contract is extending yesterday’s rebound by an additional 0.9%, approaching a bullish test of…
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