Tag: Iran
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Bitcoin bulls beware! Topping pattern to trigger more downside?
You know I was hoping to enjoy this weekend off from charts, but I could not help myself. Many traders, even just for curiosity, had their eyes glued on the bitcoin chart given the Israel-Iran tensions over the weekend. Before the markets closed for the weekend, they did sink as the Iranians said they were…
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![Oil prices rise as Russia and Saudi Arabia extend production cuts]()
Oil prices rise as Russia and Saudi Arabia extend production cuts
The recent rise in oil prices might be to blame for the failure of stock markets to extend their momentum. Oil prices are rising as Summer nears an end and investors are worried that higher prices will translate to an uptick in inflation data. This means hawkish central banks… and the possibility that interest rates…
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![Markets and the Middle East: A look at Gold, Oil, and Student Debt]()
Markets and the Middle East: A look at Gold, Oil, and Student Debt
BREAKING: Boeing 737 Jet Crashes in Iran due to technical issues after takeoff. Source (ISNA) Oil Stuff & The Middle East At least two airbases housing US troops in Iraq have been hit by more than a dozen ballistic missiles. Iranian state TV says the attack is a direct retaliation to the US killing top…
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![Death by Drone and a volatile metal]()
Death by Drone and a volatile metal
It’s been a tumultuous start to this new year and decade. Clearly, there’s a rage in the air. A drone strike that took out Qassem Soleimani, the leader of the Quds Force of the Iranian Revolutionary Guard, sent shock waves across the planet. This drone hit, in retaliation for the killing of an American contractor…
