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Oil Price Retreat Helps Market Recovery—But Fed Fears Linger
Markets are balancing relief from falling oil prices against concern that persistent inflation could keep the Federal Reserve restrictive. US stocks, precious metals and cryptocurrencies bounced back Thursday.
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Bitcoin snaps impressive 8-day winning streak
Bitcoin has declined for the second consecutive day due to uncertainty regarding central bank actions. As of this writing, Bitcoin is trading below $72,000.
AUDNZD hit a fresh 13-year high: Time for a pullback?
AUDNZD surged to a new 13-year high of 1.2145. Although bullish momentum remains strong, the pair is overextended on the higher timeframe, raising concerns about the rally's sustainability and the potential for a pullback.
Central banks are taking center stage this week
Another busy central bank week is upon us. The central bank's decisions will be crucial for educating markets about future direction, as the discussion on policy is likely to influence market volatility.
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