Category: Sharp
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Ethereum Faces Sharp Decline As ETH Targets $3,051 Support Level
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Ethereum (ETH) is experiencing a significant decline as its price is rapidly approaching the crucial support level at $3,051. This sharp decline highlights the increasing selling pressure and growing bearish sentiment in the market. As Ethereum approaches this critical threshold, traders are closely watching its behavior for signs that it…
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U.S. oil price climbs to highest since mid-April on sharp draw in inventories
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SlavkoSereda/iStock via Getty Images Crude oil futures rose on Wednesday after a larger-than-expected drawdown in U.S. inventories, in thin trading ahead of the U.S. Independence Day holiday. The weekly report from the US Energy Information Administration showed broad-based declines in crude and refined product inventories, with crude inventories falling Crude…
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Japan issues fresh warnings against sharp yen falls By Reuters
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Written by Kentaro Sugiyama and Laika Kihara TOKYO (Reuters) – Japanese authorities will take necessary measures on currencies, Finance Minister Shunichi Suzuki said on Thursday, signaling a willingness to intervene in the foreign exchange market after the yen fell to a fresh 38-year low against the dollar. “It is desirable…
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Dollar just lower; euro set for sharp weekly loss on political turmoil By Investing.com
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Investing.com – The US dollar fell slightly on Friday, while the euro also fell, heading for a sharp weekly loss amid political turmoil in the region. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 105.125.…
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Dollar steadies after sharp gains post Fed minutes; sterling retains strength By Investing.com
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Investing.com – The US dollar gave up some of the previous session’s gains on Thursday, but remained near a one-week high after minutes from the Federal Reserve’s latest meeting indicated US interest rates will remain high for some time. At 04:20 ET (08:20 GMT), the dollar index, which tracks the…
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Dollar steadies, but on track for sharp weekly loss By Investing.com
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Investing.com – The U.S. dollar rose in European trade on Friday, but was on track for a big weekly decline after slowing inflation and weak retail sales led to a renewed focus on Federal Reserve interest rate cuts. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the greenback…
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Oil adds to week’s sharp loss as rollover of OPEC output cuts may meet resistance
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Slavko Sereda/iStock via Getty Images Oil prices recorded their biggest weekly loss in three months, as the market, already concerned about weak demand, dealt with growing speculation that an OPEC meeting in June could expose cracks in the alliance, with the United Arab Emirates saying it would… Increasing production capacity.…