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WTI Futures Flirt With Short-Term Downtrend Line After Bounce Off Multi-Year Low

WTI crude oil futures rebounded on the multi-year low of 19.25 on Monday, struggling beneath the 20- and 40-period simple moving averages (SMAs) and the Ichimoku cloud in the 4-hour chart. However, the RSI is pointing upwards in the negative territory, approaching the 50 level,…

UK’s Mortgage Approvals Increased To Six-Year High Level In February

For the 24 hours to 23:00 GMT, the GBP declined 4.97% against the USD and closed at 1.2381. On the data front, UK’s consumer credit fell to a level of £0.90 billion in February, less than market expectations for a reading of £1.10 billion. In…

Japan’s Unemployment Rate Remained Steady In February

For the 24 hours to 23:00 GMT, the USD declined 1.90% against the JPY and closed at 108.06. In the Asian session, at GMT0300, the pair is trading at 108.48, with the USD trading 0.39% higher against the JPY from yesterday’s close. Overnight data showed…

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