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The AUDUSD is trading near a crucial inflection point as price approaches a key resistance zone between 0.6303 and 0.6319. This area hosts a powerful cluster of technical indicators, including the 100- and 200-bar moving averages on the 4-hour chart and the 100-day moving average. Just above, the…

Prior was -3341K Gasoline -1551K vs -1720K exp Distillates +264K vs -1013K Refinery utilization -1.0% vs +0.7% exp These are disappointing numbers but not a shock as the API numbers late yesterday showed: Crude +6037K Gasoline -1628K Distillates -11K Crude was flat ahead of the report. This article…

Tech sector steadies while consumer cyclical stocks show promise The U.S. stock market today presents a stable landscape for tech stocks, while the consumer cyclical sector exhibits notable resilience. Meanwhile, mixed outcomes in financial services continue to highlight diverse market dynamics. 📈 Technology Sector: Stability in Sight The…

It’s a big day in markets and I would encourage you to read my primer on what is really expected by the market today around tariff numbers. At the same time, I see some clues out there. Let’s dig in. Yesterday, a CNBC report highlighted some strategies: Blanket…

Justin Sun bailed out Techteryx’s TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid, people close to the matter confirmed, and the stablecoin issuer said in Hong Kong court documents. After acquiring TrueUSD from TrueCoin in December 2020, Techteryx appointed First Digital Trust…

Crypto trading firm Backpack, which bought the European arm of bankrupt exchange FTX, has begun the process for customers to claim their funds. Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of know-your-customer (KYC) verification in a post on…