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Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation between Israel and Hamas, which shows no sign of abating despite the involvement of international mediators backed by […]

The post Brent Crude Oil Hits Two-Month High Amid Geopolitical Tensions appeared first on Action Forex.

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14/09/2024

Weekly Economic & Financial Commentary: Let the Easing Begin

Summary United States: Firmer Inflation Tilts the Scales Toward 25 The core Consumer Price Index rose 0.3% in August, the fastest increase in four months. Soft measures like NFIB price plans continue to signal a downward trend in inflation; however, recent price resiliency may prompt FOMC members to exercise a bit more caution in September. […]
12/04/2024

Week Ahead – More Inflation Data on the Way as Rate Cut Bets Thrown into Disarray

CPI numbers due in the UK, Japan, Canada and New Zealand China to also come into the spotlight as Q1 GDP eyed US retail sales to kickstart the week as earnings season gets underway CPI figures to headline UK data flurry After yet another hot CPI report in the United States, inflation data will remain […]
01/12/2023

EURCAD Technical Analysis – Price Action Forecast and Important Levels to Watch

This article goes over different tools and indicators covering EURCAD, in some cases, cross-pairs can provide trade setups of a different nature as the US Dollar is partially taken out of the equation. Trading in financial markets requires an overview of different types of tools and the same applies to forex trading. Talking points Inflation […]