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Oil ignoring the PMI data to raise more!
Economic activity in the Eurozone eased for the second month in a row!Published data from Japan for August showed Japan's manufacturing sector grew at its slowest pace in 19 months. While earlier published Purchasing Manager Index numbers shows that...
The collapse of the Euro
Will this crisis lead to the collapse of the EU?The Russian invasion of Ukraine had a prominent victim, which was not Ukraine; it was the European Union! Europe and America used the sanctions to confront and put pressure on Russia, and Russia used it...
Bitcoin broke below trendline!
Bitcoin retreated five out of seven sessions last week. Bitcoin price is below $21,400 currently. A glance at the daily chart reveals the price is retracing down to the low it hit last Saturday after breaking below the mid-level and lower bound...
USD again back above 108 Mark!
Hawkish FED and increasing TensionsAfter last week's published data from the US, most FED speakers supported the tightening policies by mentioning the 50 bps and 75 bps as the possible options as inflation is still so high. As the likelihood of highe...
Crypto market in Sell-off mood, reasons, and outlook
Difficulties that the market must endure before growthBitcoin most days of August was trading stable between 22,000 and 24,000 USD. On Friday suddenly fell towards 22,700 and then continued to lose more to 21,404 US dollars, to a three-week low with...
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