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Brent crude falls below $90/b on China Covid worries

Both Brent and WTI crude prices sank below the critical support levels of $90/b and $82/b respectively on Friday’s morning session, ahead of heavy weekly losses on the prospect of weaker fuel demand from top oil importer China amid rising COVID-19 cases, despite the production cuts from OPEC, and looming EU bans on Russian oil

A weaker U.S. dollar sparks a relief rally across the forex board

Growth-driven currencies posted a sharp relief rally last week following the retreating U

Global market euphoria after softer U.S. CPI inflation data for October

A softer-than-feared U.S inflation data for October improved the risk sentiment across the board on Thursday trading session, with growth-driven global stocks and commodities rallying, while the “safety” dollar and bond yields tumbled to monthly lows, on hopes that inflation may have peaked, and Fed would slow its pace of rate hikes in the coming months.

Crypto selloff drama continues as Binance pulls out of a deal to buy FTX

The crypto market drama continues with Bitcoin hitting a fresh two-year low of $15,600 on Thursday morning, and the broader crypto ecosystem in freefall to multi-year lows, after the world’s largest crypto exchange Binance announced that it had walked away from a bailout for the bankrupted rival crypto exchange FTX after corporate due diligence

Bitcoin tumbles 10% on concerns over FTX crypto exchange

The crypto space has experienced an unexpected sharp selloff since Saturday, with Bitcoin and Ethereum losing more than 10% driven by a selloff in FTT coin, the native token of the crypto exchange FTX

Markets extend gains ahead of U.S. midterm elections and CPI inflation report

U.S. stock futures, commodities, and currencies started the new trading week on the right foot, extending Friday’s significant gains, as the risk optimism is returning to global markets ahead of Tuesday’s U.S. Congressional midterm elections, and the key CPI inflation report due on Thursday.