Crude Oil Price Slips as China PMIs Disappoint Ahead of OPEC+. Where to for WTI?

Crude oil is softer today after Chinese activity data missed forecasts ahead of this week's OPEC+ meeting. Will an equity market rally push the Fed to a more hawkish stance?

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Weekly Fundamental US Dollar Forecast: Greenback May Have Topped; US NFP This Week

The July Fed meeting changed the trajectory for the US Dollar for the rest of 2022.

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Markets Week Ahead: S&P 500, US Dollar, Gold, AUD/USD, GBP/USD, RBA, BoE, NFP

It is another busy week ahead for traders, with several potentially high-impact events that could shift market sentiment and Fed rate hike bets. July closed out with strong gains for risk assets.

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S&P 500, FTSE 100 Week Ahead: NFP, ISM and BoE Rate Decision

S&P 500 registers best month since November 2020. FTSE 100 breaks above 100 and 200DMA

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USD/CAD Forecast: US, Canada Employment Reports in Focus

Fresh data prints coming out of the US and Canada may influence the near-term outlook for USD/CAD amid the ongoing shift in monetary policy.

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Euro Week Ahead: Non-Farm Payrolls in Focus. Will Jobs Market Offset Slowing Economy?

The Euro slightly gained as the US Dollar weakened. US GDP shrinking once again placed more focus on a pivot from the Federal Reserve. Are markets wrong? All eyes are on non-farm payrolls data.

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Gold Price Outlook Turns Bullish as July FOMC Meeting Marks Peak Fed Hawkishness

Gold prices could continue to recover in the near term as weakening US economic data could prompt a Fed monetary policy pivot later this year, a scenario that could weigh on Treasury yields.

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Crypto Week Ahead: BTC, ETH Bull Run Resumes Post FOMC Meeting, BTC Hits 6-Week High

BTC and ETH are increasingly tackling higher resistance levels. BTC July gains could top 20%.

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Australian Dollar Outlook: US Dollar Gyrations Dominate AUD

The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD.

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How Current Markets Will Impact Traders

DailyFX analysts give their expert predictions and their 2022 Q3 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe...

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3 Key Trading Lessons From Top Women Traders

The future of finance is in women traders. Here are Daily FX’s top 3 tips for female traders who are interested in getting started or growing their investments. For more details and inspiring stori...

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AUD/USD Holds Above 50-Day SMA Ahead of RBA Rate Decision

AUD/USD may continue to appreciate ahead of the Reserve Bank of Australia (RBA) interest rate decision on August 2 as it holds above the 50-Day SMA (0.6968).

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Bitcoin Prices Poised for More Gains as Risk Assets Gain After Weak US GDP

A weaker-than-expected US second-quarter GDP print was good news for stocks on Wall Street. The risk-on shift sent the US Dollar lower and Bitcoin prices higher, clearing key technical levels.

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Apple and Amazon Shares Soar on Earnings – Intel Stock Pummeled on Dismal Quarter

Apple and Amazon shares traded higher in the afterhours session after releasing quarterly results.

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USD/JPY Susceptible to Larger Correction on Break Below 50-Day SMA

Failure to hold above the 50-Day SMA (134.13) may lead to a larger correction if USD/JPY trades below the moving average for the first time since March.

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S&P 500 and Nasdaq 100 Retain Fed-Induced Bullish Momentum Despite Weak GDP. Why?

After a subdued start to the session following a negative GDP report, U.S. stocks posted a strong intraday reversal, rising for the second consecutive day amid Fed-induced bullish sentiment.

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3 Key Trading Lessons From Top Women Traders

The future of finance is in women traders. Here are Daily FX’s top 3 tips for female traders who are interested in getting started or growing their investments. For more details and inspiring stori...

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How Current Markets Will Impact Traders

DailyFX analysts give their expert predictions and their 2022 Q3 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe...

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Crude Oil Price Boosted by Dwindling Inventories and a Soft US Dollar After Fed Hike

Crude oil got a lift from data that revealed stockpiles of black gold had fallen in the US and a post Fed sell off for the US Dollar. Will WTI continue to climb?

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EUR/USD Post-Fed Rebound Susceptible to US GDP, PCE Report

EUR/USD may struggle to retain the rebound from the yearly low (0.9952) as US data prints are likely to keep the Federal Reserve on track to implement higher interest rates.

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Australian Dollar Eyes Retail Sales as Iron Ore Rises, US Dollar Falls

The Australian Dollar may continue rising against the US Dollar if Australian retail sales impress as iron ore prices rise. AUD/USD is nearing its post-wedge breakout target.

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Oil Price Breaks Out of Descending Channel After Testing 200-Day SMA

The price of oil appears to be breaking out of a descending channel amid the failed attempts to close below the 200-Day SMA ($94.20).

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S&P 500 Rallies to Six-Week-Highs, US Dollar Sinks to Support on FOMC

The Fed hiked by 75 while keeping the door open for more, and this led to a strong response in stocks as the S&P 500 hit a fresh six-week-high.

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How Technical Levels Will Develop In Q3 of 2022

DailyFX analysts give their expert predictions and their 2022 Q3 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe...

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Fed Raises Rates by 75 Basis Points at July FOMC in Fight to Quell Inflation

The Fed delivers another 75 basis points hike at its July FOMC meeting, bringing the policy rate to 2.25%-2.50%, a sign that the central bank remains committed to restoring price stability.

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S&P 500 and Nasdaq 100 Fall on Recession Fears ahead of Fed Decision. What’s Next?

US stocks sank Tuesday amid growing recession fears after the IMF said the global economic outlook has darkened and US consumer confidence fell to its lowest level since February 2021.

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Euro Forecast: Bullish Opportunity Slips Away – Setups for EUR/GBP, EUR/JPY, EUR/USD

Energy concerns trump all else for the Euro.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; July Fed Meeting Preview

Rates markets are fully discounting a 75-bps rate hike by the Federal Reserve this week, with a 13% chance of a 100-bps rate hike.

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Grim Outlook and USD Strength Drives DAX, CAC & Bitcoin Lower

The Euro has continued to weaken against major currency pairs as disappointing earnings and gas shortages drive European stocks lower.Oil and gas rise.

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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Crude Oil Price Caught in Crosswinds Ahead of the Fed. Will Recession Fears Weigh on WTI?

Crude oil found firm footing to start the week as the market prepares for the Fed meeting that has pitched recession fears against decreasing demand. Will WTI find a base?

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Janet Yellen Weighs in on Recession Ahead of the Fed Rate Decision

Treasury Secretary says US not in recession. She highlights addition of new jobs while markets brace for key data releases.

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Oil Price Forecast: WTI Susceptible to Recession Fears, US Q2 GDP on Thursday

Crucial week for oil since it generally tracks the state of the global economy. Divergence between the Fed’s and economists’ Q2 forecasts suggests elevated volatility

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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Euro Consolidates Post ECB Hike as US Dollar Eyes Fed Move. Where to for EUR/USD?

The Euro has traded in a range for the last week despite the ECB lifting rates by more than expected. The focus now shifts to the Fed decision this week. Will it move EUR/USD?

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Gold Price Gains as US Dollar and Yields Look to the Fed. Will XAU/USD Recover?

Gold has found some support to buck the down trend with the US Dollar and yields sliding from their recent peaks. If USD ticks up again, will XAU/USD be undermined?

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Australian Dollar Forecast: AUD/USD Faces a Busy Week Ahead

The Australia Dollar traded higher last week as global sentiment improved. AUD/USD faces another buys week ahead, with Australian Q2 inflation data due out. Traders are also watching newswires out ...

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Weekly Fundamental US Dollar Forecast: July Fed Meeting in Focus

Markets are discounting a 75-bps rate hike from the Fed this week. Is that enough for the US Dollar?

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Markets Week Ahead: Nasdaq 100, Gold, US Dollar, Fed, GDP, EUR, AUD, Inflation Data

The Nasdaq 100 outperformed as the US Dollar fell and gold prices gained. Markets are looking forward to a 2023 Fed pivot, but will the central bank disappoint those expectations in the week ahead?...

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Weekly Fundamental US Dollar Forecast: July Fed Meeting in Focus

Markets are discounting a 75-bps rate hike from the Fed this week. Is that enough for the US Dollar?

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Stock Market Weekly Forecast: S&P 500 & DAX 40

Bear market rally running out of steam as US data slows. Fed expected to hike another 75bps.

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Crude Oil Fundamental Forecast: Demand Destruction Outweighs Supply Concerns

WTI prices have declined rather significantly as recession concerns build despite supply remaining extremely tight. Next week's Fed rate hike could add to that

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USD/JPY Outlook: Will the Japanese Yen Keep Weakening Against the US Dollar?

USD/JPY has risen sharply this year, but it may soon begin to correct lower on signs that Fed hawkishness has peaked amid rapidly slowing U.S. economic activity.

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Euro (EUR/USD) Forecast – A Week Packed Full of High-Risk Events

EUR/USD is heading towards a week full of important data releases and events, from both sides of the pair, that will whip up volatility further.

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Gold Price Forecast: XAU/USD Reversal Might be Premature. Eyes on Fed, GDP and PCE

Gold prices rallied this past week, but markets might be getting ahead of themselves. A hawkish Federal Reserve, US GDP and PCE data could weigh against XAU/USD in the week ahead.

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Crypto Forecast: BTC, ETH Lead Rally as ‘Merge’ Date Announced; Risk Event Ahead

Too early to call the Crypto winter over…is the Ethereum ‘Merge’ driving the rally?

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AUD/USD Weekly Forecast: Resilient Aussie Buoyed by Commodities Despite PMI Miss, Fed in Focus

A strong close last week sets up AUD/USD for the upcoming data heavy week with focus on the Fed.

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Euro Breaking News: German and EZ PMI’s Touch Contractionary Territory, Parity Resurgence?

EUR/USD bears are back at it this morning in reaction to weak EZ PMI data as markets await U.S. PMI’s later today.

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Australian Dollar Q3 2022 Forecast: Fed’s Lost Credibility is Noted by RBA

The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation.

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Nasdaq 100 Extends Recovery on Wall Street, Will the ASX 200 and Nikkei 225 Follow?

The Nasdaq 100 soared as Wall Street continued recovering, setting the stage for continuation in Asia. Will the ASX 200 and Nikkei 225 push higher to finish off the week?

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Bitcoin Prices Stall Despite Weak US Dollar as China Risk Lingers

Bitcoin prices stalled after narrowly rising above resistance despite a softer US Dollar. Meanwhile, China continues to grapple with Covid as Australian PMIs show slower economic growth.

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Gold Price Recovery Pulls RSI Out of Oversold Territory

Developments surrounding the Relative Strength Index (RSI) point to a larger rebound the price of gold as the oscillator climbs out of oversold territory.

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S&P 500, Nasdaq 100 Extend Recovery as Tesla Soars, Energy Stocks Dive on Oil Slump

The S&P 500 and Nasdaq 100 rose for a third straight day on Thursday, posting their best close since early June, although market breadth was not particularly strong, inviting caution.

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Japanese Yen Gyrates Against USD as BOJ Holds Steady on Ultra-Loose Policy

The Japanese Yen rose against the US Dollar but quickly surrendered gains after the Bank of Japan maintained its ultra-loose policy in place, holding rates negative and keeping its 0.25% 10-year yi...

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What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

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Crude Oil Price Rebound Stalls to Keep Descending Channel Intact

The price of oil may give back the advance from the monthly low ($90.56) as it continues to trade within a descending channel.

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NZD/USD Muted on Trade Balance as APAC Markets Eye BOJ Decision

The New Zealand Dollar is slightly weaker in early APAC trading after the country's trade balance fell back into deficit. The Bank of Japan's policy decision is set to cross the wires.

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Nasdaq 100 Rallies on Upbeat Sentiment, Tesla’s Earnings Top Forecasts. Now What?

The Nasdaq 100 and S&P 500 rise for a second straight day and hit their best levels in nearly six weeks amid improving sentiment and increased appetite for beaten-down tech names.

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Tesla Q2 Earnings: TSLA Shares Rise on Rosy Figures, Bitcoin Falls on Sale Announcement

Tesla traded higher after the closing bell on a rosy second-quarter earnings report that beat expectations. Bitcoin prices softened after the electric vehicle company sold 75% of its BTC.

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EUR/USD Outlook Hinges on ECB Interest Rate Decision

The European Central Bank (ECB) interest rate decision may drag on EUR/USD if the Governing Council lays out a preset path in normalizing monetary policy.

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Crude Oil Prices Poised to Resume Climb After EIA Data

Crude oil prices are moderating after a multi-day rally that was aided by a weaker US Dollar and risk-on flows. Traders are likely sitting on the sidelines ahead of tonight's EIA inventory data.

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Australian Dollar Soars on US Dollar Weakness While RBA Faces Review. Higher AUD/USD?

The Australian Dollar has rallied on improving risk sentiment but the announcement of details of a review into the RBA might cloud rate hikes. Will AUD/USD rally anyway?

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USD/JPY Pullback Emerges Ahead of BoJ Interest Rate Decision

The Bank of Japan (BoJ) interest rate decision may prop up USD/JPY as the central bank remains reluctant to move away from its easing cycle.

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Bitcoin Rallies into APAC Trading as Market Sentiment Brightens

Bitcoin and US stocks rallied overnight as traders look past a looming recession. China may cut its 5-year Loan Prime Rate at today's monthly fixing to help support the property sector.

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S&P 500, Nasdaq 100 Blast Higher Amid Healthy Earnings, Tesla’s Results in Focus

U.S. stocks soar as traders take comfort in relatively healthy corporate earnings, momentarily overlooking growing economic headwinds. Tesla’s results to take the spotlight on Wednesday.

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AUD/USD Poised to Test 50-Day SMA After Clearing Opening Range for July

AUD/USD appears to be on track to test the 50-Day SMA (0.6971) as the exchange rate clears the opening range for July.

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Equities Push Higher as Risk Sustains Serious Bid – S&P 500 & DAX 40

Equities soar as the US Dollar retreats. European markets buoyant ahead of ECB.

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Gold Price Latest: Multi-Month Lows Remain in Sight

Gold continues to respect $1,700/oz. as support with the precious metal seemingly unwilling to make fresh multi-month lows.

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Euro Steady as Risk Asset Prices Diverge Ahead of ECB and BoJ Meetings. Will EUR/USD Gain?

The Euro held gains against the US Dollar as equities markets slipped while growth orientated currencies swelled ahead of key central banks meetings. Will EUR/USD rally?

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S&P 500 Recovery, Goldman Sachs, Bank of America Earnings

Slow start to earning season as JPM and MS fail to meet expectations

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Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ

The US Dollar surged last week as recession fears around inflation permeated market sentiment. The week ahead is filled with economic data and policy decisions from the BoJ and ECB.

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Defining Week for the Euro: ECB Lift-Off, CPI and Bond Market Jitters

Risks for the euro accrue ahead of inflation print and the ECB’s anticipated 25 bps hike. Further complications arise via Russian gas flows and Italian politics

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British Pound Latest – GBP/USD Grabs a Bid as the US Dollar Wilts

The US dollar opened the week on the backfoot leaving Sterling with room to push higher ahead of a clutch of high-importance UK data releases.

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Crude Oil Update: Brent Propped Up by Uneventful Biden Trip and Uncertainty Around Nord Stream

Brent crude oil prices have pushed higher as supply concerns take center stage after U.S. President Joe Biden unsuccessfully left the Middle East without a deal.

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British Pound Gains Ground Amid Rosy Outlook Ahead of CPI. Will USD Dominate Again?

The British Pound found higher altitude today as favourable risk appetite set the tone across markets. Equities and commodities joined the party. Will GBP/USD rally further?

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AUD/USD at Key Technical Level as APAC Trading Kicks Off

AUD/USD is trading near Falling Wedge resistance, putting a possible breakout on the cards. Meanwhile, traders are digesting fresh inflation data out of New Zealand as APAC kicks off the trading week.

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Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ

The US Dollar surged last week as recession fears around inflation permeated market sentiment. The week ahead is filled with economic data and policy decisions from the BoJ and ECB.

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Stock Market Weekly Forecast: S&P 500 & DAX 40

Russian Gas Flows, ECB Anti-Fragmentation Tool and Italian Politics Take Focus

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Canadian Dollar Weekly Forecast: CAD at the Behest of Crude Oil and Rampant U.S. Dollar

The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action.

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Japanese Yen Forecast: Will a Dovish BoJ Keep USD/JPY Rising? CPI in Focus Too

The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for USD/JPY to keep rising then?

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Euro (EUR/USD) Forecast – It is Time for the ECB to Grasp the Nettle

The Euro is facing a week full of high-risk events and the single currency is looking at the ECB for stability and guidance on Thursday. Expect further EUR/USD volatility.

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Gold Prices at Risk on Global Inflation Data, ECB May Offer Lifeline

Gold prices may continue to fall as high-flying global inflation data boosts bets on central bank tightening, tarnishing non-yielding bullion’s appeal. A measured ECB may offer a temporary lifeline.

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US Dollar Fundamental Forecast: DXY Set for More Gains on Ailing Euro, Yen

The US Dollar rose after a red-hot US CPI report bolstered Fed rate hike bets. The Bank of Japan and European Central Bank decisions appear likely to leave the Yen and Euro vulnerable to further do...

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Bitcoin (BTC/USD) Resilience Holds After Another Big Week For USD

Bitcoin, Ethereum and their alt coin counterparts have rebounded despite the shocking US CPI print dented sentiment further. BTC/USD remains above $20,000 despite fundamental risks.

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AUD/USD Rate Rebound Susceptible to Preset Path for RBA Policy

The Reserve Bank of Australia (RBA) Minutes may do little to influence AUD/USD as the central bank appears to be on a preset course in normalizing monetary policy.

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Ethereum 2.0: Switching to Proof-of-Stake (PoS)

Ethereum is transitioning from a proof-of-work (PoW) consensus mechanism to a more eco-friendly proof-of-stake (PoS) consensus with the switch expected to be complete by Q3/Q4 2022.

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AUD/USD Bounces as Traders Look Past China GDP Miss

The Australian Dollar saw a delayed upside reaction after China's second-quarter GDP disappointed, with traders focusing on positive June Data instead. AUD/USD is nearing wedge resistance.

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EUR/USD Vulnerable to Upbeat US Retail Sales as Fed Plans for Restrictive Policy

A rebound in US Retail Sales may drag on EUR/USD as it raises the Federal Reserve’s scope to implement a restrictive policy.

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Australian Dollar Relief Hinges on China GDP Report

The Australian Dollar saw volatile trading against the US Dollar after an inflation report lifted Fed rate hike bets. AUD/USD direction hinges on China's second-quarter GDP growth report, due out t...

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USD/JPY Eyes September 1998 High as RSI Pushes Into Overbought Territory

USD/JPY is on track to test the September 1998 high (139.91) as the Relative Strength Index (RSI) pushes into overbought territory for the sixth time this year.

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S&P 500, Nasdaq 100 Come Back from Steep Losses, Retail Sales Data Eyed for Fed Clues

After a steep sell-off at the cash open, U.S. stocks manage to erase most of the losses, finishing the day largely flat in a context of increased risk-aversion.

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Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

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Gold Price Rebound Following US CPI Raises Potential for RSI Buy Signal

Looming developments in the Relative Strength Index (RSI) may point to a larger rebound in the price of gold as the oscillator is on the cusp of pushing above 30.

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Bitcoin May Reclaim 20,000 as APAC Traders Eye Australian Jobs Data

Bitcoin prices may retake the 20,000 level in APAC trading after withstanding a breakdown in sentiment overnight after the US CPI report sent stocks lower. Australian jobs data is in focus.

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USD/CAD Reverse Ahead of Yearly High as BoC Delivers 100bp Rate Hike

USD/CAD may continue to give back the advance from the monthly low (1.2837) as it appears to be reversing course ahead of the yearly high (1.3083).

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S&P 500, Nasdaq 100 Subdued on Sizzling Inflation Data, JPMorgan's Earnings Eyed

U.S. stocks fall Wednesday as worse-than-expected inflation data raises the likelihood of more aggressive monetary policy tightening by the Federal Reserve in the coming months.

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Aggressive rate hikes are around the corner for each of the commodity currency central banks.

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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Crude Oil Prices Eye EIA Inventory Data as China Fights Covid

Crude oil prices are slightly higher after finding support near the March swing low as global growth fears intensify amid a new wave of Covid cases in China. EIA inventory data is in focus.

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New Zealand Dollar Turns to US CPI Report After RBNZ 50-Basis Point Rate Hike

The New Zealand Dollar is now facing the US CPI report after the Reserve Bank of New Zealand hiked rates by 50-basis points, as expected. Will NZD/USD aim higher next?

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EUR/USD Forecast: Failure to Hold Above Parity Opens Up December 2002 Low

EUR/USD may fall towards the December 2002 low (0.9859) as the Relative Strength Index (RSI) sits in oversold territory.

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AUD/USD May Struggle as US Dollar Rally Pauses Ahead of RBNZ, China Trade Data

The Australian Dollar saw a modest rebound overnight as the US Dollar steadied. The Reserve Bank of New Zealand's rate decision and China's trade balance is due out today.

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Crude Oil Price Eyes April Low as OPEC Forecasts Slower Demand in 2023

The price of oil may face a further decline over the coming days if crude fails to defend the April low ($92.93).

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S&P 500, Nasdaq 100 Forecast: US Inflation Data May Fuel Volatility & Hammer Stocks

June US inflation data will be the main catalyst for price action to watch on Wednesday. Another hot report like May's could strengthen the case for aggressive Fed tightening, hurting stocks.

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Bitcoin Falls Against Surging US Dollar as APAC Traders Gauge China Covid Flare-Up

Bitcoin extended losses, driving prices near the high-profile 20,000 level, against a super-charged US Dollar. Economic growth fears are back in the spotlight after China's Covid cases rise.

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USD/JPY Outlook – A Fresh Multi-Decade High But the Move Looks Tired

The Bank of Japan 'won't hesitate' to ease monetary policy further, Governor Haruhiko Kuroda said today, leaving the Japanese Yen at risk of further losses.

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Forex Trading: What is Forex? FX Trading Explained

Forex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another.

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British Pound (GBP) Forecast: GBP/USD Dragged Down by Euro Woes

Politics grabs the headlines, external factors matter more for the Pound

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Crude Oil Prices Vulnerable as Central Banks Run the Risk of Inducing Recessions: Top Trading Opportunities

WTI crude oil prices have been rising swimmingly since a bottom was found at the peak of the 2020 global pandemic.

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Euro Slides and US Dollar Soars as China Face Further Restrictions. New lows for EUR/USD?

The Euro gave up some ground today as news emerged that further restrictions are likely for China while Japan appear to have the green light for super loose monetary policy.

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Weekly Fundamental Gold Price Forecast: Rising Real Rates Weigh

Gold prices are coming off of one of their worst weeks of 2022.

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Short GBP/CHF on Worsening UK Fundamentals and a Motivated SNB: Top Trading Opportunities

The Swiss Franc has emerged as a dark horse ever since the June 16th, 2022 rate meeting.

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AUD/USD Eyes Chinese Credit Data After Bullish Candlestick Formation

The Australian Dollar is slightly lower against the Greenback this morning as iron ore prices fall. Chinese credit data may set the tone for AUD/USD after a bullish candlestick took shape.

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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, CPI, Canadian Dollar, BoC

The tech-heavy Nasdaq 100 outperformed last week, more so than the Dow Jones. Are traders getting ahead of themselves? Higher US CPI is expected ahead after another solid jobs report. Gold is looki...

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Stock Market Week Ahead: S&P 500 & DAX 40 Forecast

All of Nothing on US CPI. Russian Gas Flows Key to Europe

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USD/CAD Rate Outlook Hinges on Bank of Canada (BoC) Rate Decision

USD/CAD may face a larger correction ahead of the Bank of Canada (BoC) interest rate decision as the central bank is expected to normalize monetary policy at a faster pace.

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EUR/USD Fundamental Forecast: Parity in Reach as Headwinds Accrue

The euro came close to parity with the US dollar on Friday and looks likely to reach it. Germany records its first trade deficit in over 30 years and may have to ration gas.

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US Dollar Forecast: June US Inflation Data Could Reinforce DXY’s Bullish Momentum

Next week's U.S. consumer price index report could show June inflation accelerated to new multi-decade highs, a result that could boost Treasury yields and the U.S. dollar in the near term

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Bitcoin (BTC), Ethereum (ETH) Forecasts – Grinding Higher in Quiet Conditions

Bitcoin has picked up a small bid this week and moved marginally higher. While the short-term outlook looks marginally more positive, the longer-term outlook remains negative.

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Australian Dollar Outlook: Low for Longer Keeps the Good Times Rolling

The Australian Dollar seesawed through the week, with an RBA rate hike and a blistering trade surplus. US Dollar strength keeps AUD/USD low, boosting the domestic economy.

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Gold Price Outlook Turns to NFPs with XAU/USD Set for the Worst Week in 2 Months

Gold prices are on course for the worst week in 2 months, and things may not be over just yet. US non-farm payrolls data might further fuel XAU/USD volatility into the weekend.

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Chinese Yuan Chips at Dollar as Iron Ore Catches Bid on Stimulus News

The Chinese Yuan made gains against the Dollar overnight as traders went risk-on in New York. News of a new round of infrastructure stimulus out of China pushed iron ore prices higher.

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Crude Oil Price Rebound Emerges as US Output Holds Steady Coming into July

The price of oil may stage a larger rebound over the coming days as US production holds steady at the start of July.

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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British Pound Outlook: GBP/USD Up as Traders Look Past UK Political Turmoil. Now What?

GBP/USD gains despite Boris Johnson's resignation. Although political uncertainty may spark volatility from time to time, it is unlikely to become the main driver of the British pound in the short ...

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US-Crude-Oil-and-Copper-Rebound-Amid-Hopes-of-Chinese-Stimulus-

Crude Oil and Copper are trading higher as hopes of stimulus from China mutes the bearish move. Commodity prices remain vulnerable to changes in economic outlook.

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Crude Oil Price Under the Pump on Wild Swings and US Dollar Strength. Where to for WTI?

Crude oil has continued to slide after Fed meeting minutes pushed Treasury yields higher, boosting fears of recession. Will WTI find a base?

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AUD/USD Consolidates Around Yearly Low Ahead of US NFP Report

AUD/USD may face headwinds later this week as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in employment.

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GBP/USD Recovery Hopes Appear Dim After Breaking June Low

The British Pound fell below its June low versus the US Dollar overnight as embattled Prime Minister Boris Johnson faces an increasingly perilous position. Oil falls again as China tightens Covid m...

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EUR/USD Falls Toward Parity as RSI Pushes into Oversold Territory

EUR/USD may fall towards parity as the Relative Strength Index (RSI) pushes into oversold territory for the fourth time this year.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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S&P 500 Shakes Off the Blues as Bears Retreat, Oil Clobbered by Recession Risks

The S&P 500 notches a small gain and breaks above 3,830, but rising recession risks create near-term headwinds, especially for growth-sensitive sectors.

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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US Dollar to Rise on Fed Minutes, G20 Summit Amid Ukraine War?

The US Dollar may outperform its G10 peers this week if Fed minutes and the G20 summit reinforce the allure of the Greenback’s unparalleled liquidity and rising yield-advantage.

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Gold Price Eyes December Low as RSI Flirts with Oversold Territory

The price of gold may attempt to test the December low ($1753) as the Relative Strength Index (RSI) flirts with oversold territory.

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AUD/USD Grips Trendline as Shanghai Covid Fears Resurface

The Australian Dollar fell to a US Dollar that was boosted by safe-haven demand overnight. The RBA's chart pack is due out today, but traders are digesting news of new Covid testing out of Shanghai...

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USD/CAD Rate Rally Pushes RSI Towards Overbought Territory

Looming developments in the RSI may point to a further appreciation in USD/CAD if the indicator pushes into overbought territory for the first time in 2022.

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GBP Breaking News: Rishi Sunak and Sajid Javid Resign from Government as Pressure Mounts on Boris Johnson

Rishi Sunak and Sajid Javid resign from Boris Johnson's government as pressure mounts in the UK.

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S&P 500 Sinks Along with Oil Prices as Recession Anxiety Reaches Fever Pitch

U.S. stocks fall on Tuesday, along with growth-linked commodities, on rising fears that the U.S. economy is headed for a hard landing amid tightening financial conditions.

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Long KWEB as Beijing Injects More Stimulus and Eases Regulations: Top Trading Opportunities

KWEB (KraneShares CSI China Internet ETF), a fund that tracks Chinese companies whose primary business is focused on Internet and web related technology, has plunged more than 65% from its February...

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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Australian Dollar Forecast: US/China Trade War Tariff Review on Anniversary

AUD/USD recouping heavy losses ahead of RBA and China Tariff Review.

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Crude Oil Price Wobbles as Recession Risk Lowers Yields. Will WTI Resume Up Trend?

Crude oil prices dipped today as the threat of recession saw bond yields go lower across developed markets as central banks manoeuvre into inflation fighting mode.

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When Can S&P 500 Volatility Break a Stock Diversification Strategy? Analyzing the VIX

When S&P 500 volatility is too high, a stock sector diversification strategy can fail. Using the VIX, what levels should traders watch for to identify this risk and what can be done about it?

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How To Use Twitter For Traders

How can traders use Twitter as an efficient trading tool.

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Australian Dollar Trends to Persist in 3Q 2022: Top Trading Opportunities

AUD/USD appeared to be on track to test the yearly low (0.6829) after failing to push above the 50-Week SMA (0.7243), but the exchange rate may consolidate over the near-term as long as it defends ...

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Short GBP/CHF on Worsening UK Fundamentals and a Motivated SNB: Top Trading Opportunities

The Swiss Franc has emerged as a dark horse ever since the June 16th, 2022 rate meeting.

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Bitcoin Q3 2022 Forecast: Where’s the Bottom?

If Q1 was difficult for crypto bulls, Q2 was an absolute disaster… As we head into the third quarter, the macro-outlook is still likely to be challenging for crypto, but we could be nearing a cycle...

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Stocks and Bonds Up, Dollar Down (For Now): Top Trading Opportunities

It appears that towards the very end of last quarter we hit a major inflection point in the trend of higher dollar and rates and lower stocks, and anything perceived as risky.

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Japanese Yen Q3 2022 Forecast: Will a Weak Yen Push the BoJ into Action?

The Japanese Yen was hammered by markets in the second quarter. USD/JPY shot by the 2002 peak, touching its highest since 1998. A key driver of the Yen’s weakness has been the Bank of Japan’s polic...

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EUR/CAD – Stick to Trading a Solid Range: Top Trading Opportunities

A lot of traders look for breakouts and sharp moves to boost their P&L, and in a lot of cases make a great success of this.

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Australian Dollar Q3 2022 Forecast: Fed’s Lost Credibility is Noted by RBA

The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation.

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Crude Oil Prices Vulnerable as Central Banks Run the Risk of Inducing Recessions: Top Trading Opportunities

WTI crude oil prices have been rising swimmingly since a bottom was found at the peak of the 2020 global pandemic.

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Long KWEB as Beijing Injects More Stimulus and Eases Regulations: Top Trading Opportunities

KWEB (KraneShares CSI China Internet ETF), a fund that tracks Chinese companies whose primary business is focused on Internet and web related technology, has plunged more than 65% from its February...

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Equities Q3 2022 Forecast: Bearish Momentum Remains Amid Rising Recession Risks

Our Q2 forecast for equities had centered around a mentality shift from a “buy the dip bias” to a “sell the rip” with the Federal Reserve and central banks alike in a tightening overdrive to fight ...

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Growth and Inflation Fears May Have Peaked: Top Trading Opportunities

The second quarter of 2022 worked out as anticipated in the 2Q'22 Top Trading Opportunities: the US S&P 500 continued to outperform the US Nasdaq 100; EUR/USD rates broke through their March 2020 p...

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GBP/AUD May Unwind Losses as BOE/RBA Implied Rate Paths Come Together: Top Trading Opportunities

The British Pound suffered heavy losses through the first quarter of 2022. GBP/AUD dropped more than 10% from its January peak before hitting multi-year lows in April.

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Bitcoin Stalks Equities After Bloodbath Week

Bitcoin Prices have followed overall market sentiment as rate hikes get digested into sentiment.

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