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Oil ignoring weekly inventory reports.
EIA lowered its demand, and fear of recession increasedLike every Tuesday and Wednesday, we had API and EIA weekly inventory reports. According to Tuesday's American Petroleum Institute report, the levels of US crude oil inventories fell by -6.426M b...
Correction after a sharp rise or fear of recession?
Stocks across the globe are losing for the fourth straight session.After two months of growth, US Stock markets dropped for a fourth straight session on Tuesday. Oil also fell sharply and, with Brent futures at $79 a barrel, is back where it began th...
Global Economic Outlook | December 2022
Everything is about Inflation and Interest Rates! Fears over a deep recession have made policymakers think twice before going towards more tightening policies. Therefore, the outlook of less hawkish policies changed the market sentiment at the e...
Crypto bulls in control after resistance breach
Bitcoin price continues climbing after the bearish dynamics was reversed following the successful breach above resistance two weeks ago. It is above $17,200 currently. A glance at the daily chart reveals bears relinquished control decidedly last...
Crypto market after US employment numbers and recent Hacks!
The overall picture is still bearish.According to the Blockchain analytics firm, Chainalysis, over 3 billion US dollars had been hacked from the crypto industry across 125 attacks in the first ten months of 2022, putting this year on track to be a re...
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