Birrell
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Oil edges up as US inventories decline to lowest level since January
Oil briefly spikes after US weekly EIA data showed a big decline in stockpiles. WTI Oil snaps $83, but faces resistance to break back above it again. The US Dollar Index retreats further, forming a bearish pattern. Oil prices edge up on Thursday as traders digest the US Crude Inventory release, whic
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Hawkish Fed? Wait a minute...
#USD/CAD# Fundamentals & Sentiment USD: - USD is overbought according to CFTC, and CAD is oversold; Even if the buck is going higher in the medium term, it's time to cover some longs! - love USD short exposure in case of BoJ intervention CAD: - Inflation Expectations Differential -
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WTI holds below $82.00 on easing Middle East tensions, hawkish Fed
WTI loses momentum to nearly one-month lows of $82.00 on Tuesday. Easing tensions between Israel and Iran limits the WTI’s downside. A large build in the US stockpile in recent weeks and a hawkish Fed weigh on the black gold. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading a
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UK Retail Sales prints 0% MoM in March vs. 0.3% expected
The UK Retail Sales arrived at 0% MoM in March, miss estimates. Core Retail Sales for the UK drops 0.3% MoM in March. GBP/USD stays weak near 1.2400 after mixed UK data. The UK Retail Sales came in at 0% over the month in March vs. 0.3% expected and 0.1% in February, the latest data published by the
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Markets hit by tech and geopolitics, weekend risk if Iran retaliates
General trend -Tech-focused news on Taiwan Semi leading chip-relateds down in Asia was interrupted by reports of explosions in multiple Middle East countries; Iran, Iraq and Syria, including in Isfahan, south of Tehran, home to one of Iran's major nuclear facilities. Adding to the tensions were thre
Pull-up Update