The financial stability of small and regional banks in the United States is currently under scrutiny as many of them are facing significant stress. According to Christopher Wolfe, managing director at Fitch Ratings, there is a genuine concern that some of these banks may either fail or struggle to meet their minimum capital requirements. This
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The Elliott Wave charts of Oil have been carefully analyzed in the members’ area of the website. The analysis indicates bullish sequences in the cycle from the 67.75 low, suggesting a favorable outlook for the long side. Traders are recommended to consider buying the dips in 3, 7, 11 swings when given the opportunity. However,
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Gold prices have been trending lower in the short-term, approaching oversold territory. The bears in the market have been in control recently, pushing the price below key support levels like the resistance-turned-support trendline. The RSI and stochastic oscillator are showing signs of stabilization near previous lows, indicating that excessive bearish action may lead to a
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Australia’s banking sector is facing challenges that could lead to weaker first-half profits for the country’s biggest banks. Operating costs and competition for mortgage and deposit sales are putting pressure on margins, potentially reversing the stock rally that has propelled the sector in recent years. Traditionally, rising interest rates have benefited Australia’s largest banks. However,
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The unexpected rise in Crude oil stockpiles in the United States has caused Western Texas Intermediate (WTI), the US crude oil benchmark, to trade in negative territory for the fourth consecutive day near $80.80. This increase in inventories has put downward pressure on WTI prices, with traders reacting to the 4.906 million barrel build compared
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