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Key insights from the week that was. Australian Q1 GDP printed broadly as expected, rising 0.1% (1.1%yr). There were some surprises for consumption however, a firmer-than-anticipated gain of 0.4% in Q1 – thanks in part to major events like Taylor Swift Era’s Tour and the Formula 1 – and an upward revision to tourism-related spending […]

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28/03/2024

Crude Oil Price Holds Gains and Eyes Fresh Rally

Key Highlights Crude oil bulls gained pace above the $80.00 resistance. A connecting bearish trend line is forming with resistance at $82.35 on the 4-hour chart. Gold prices consolidated gains above the $2,150 resistance zone. Bitcoin price faced heavy resistance near the $71,500 zone. Crude Oil Price Technical Analysis After forming a base above the […]
01/11/2024

WTI Crude Oil Recoups Bearish Gap

WTI crude oil runs to 71.00 critical level near downtrend line Momentum oscillators reflect positive bias WTI crude oil prices recovered the bearish gap that was created in the preceding week and is currently testing the medium-term downtrend line near 71.00. The price has added more than 6% over the last couple of days with […]
10/09/2024

Cautious Rebound in Cryptos

Market Picture The turnaround in sentiment on the US markets saw the crypto market capitalisation rise by 3.2% in 24 hours to reach $2 trillion. However, it is too early to talk about a reversal in growth, as this level could prove resistant to intensified selling. The Cryptocurrency Sentiment Index rose to 33, the highest […]