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Mid-Week Technical Outlook: Commodities & Indices

From forextime.com

Asian markets rose on Wednesday after Chinese authorities approved a whopping 1 trillion yuan in government bonds to support its economy. In Europe, shares slipped despite the positive mood from Asia as investors focused on a slew of mixed earnings reports from the region. Looking at currencies, the dollar remains steady ahead of a speech by Fed Chair Jerome Powell while the euro is struggling for direction as the ECB meeting looms. Regarding commodities, oil prices remain under pressure amid concerns over weak European demand with Brent wobbling above $88 as of writing. This has been an incredibly eventful week for ... (full story)

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  • Category: Technical Analysis