Crude Oil Price Tanks as Recession Fears Grow Ahead of Fed Chair Powell’s Testimony
Crude oil gave up more ground today as risk aversion permeated markets ahead of Powell’s testimony before Congress later today. Will WTI break lower?
Crude oil gave up more ground today as risk aversion permeated markets ahead of Powell’s testimony before Congress later today. Will WTI break lower?
The US Dollar (via the DXY Index) will likely be reminded of the US economy’s weak growth environment in the coming days.
The Nasdaq 100 soared as the US Dollar weakened alongside Treasury yields and Bitcoin stabilized amid early hope that US inflation might be peaking. Crude oil prices retreated amid rising growth wo…
Global central bank repricing prompts a bear-market rally. Downside risks remain, however.
Bitcoin is flatlining around the $21k level continuing a muted week of price action. Will the weekend bring a break in the current market lethargy?
The euro came out of the intense week relatively unscathed as it heads into another stacked week full of key economic data while EUR/USD holds above 1.05.