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WTI oil opened with gap higher on Monday, as supply worries rose after the latest escalation of the conflict in the Middle East, which threatens of deepening crisis. The price bounced from last week’s low, retracing around 50% of Friday’s 2.4% drop, but so far holding within a narrow range. Bearish technical studies on daily […]

The post WTI Outlook: Oil Price Rises on Growing Geopolitical Tensions But Still Holding Under Key Resistances appeared first on Action Forex.

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10/07/2024

Crypto Market Looks to Return to Growth

Market Picture According to the sentiment index, the cryptocurrency market remains in a state of fear at 28. Still, market capitalisation rose for the second day in a row as lower prices attracted buyers. Capitalisation rose 1.9% to $2.16 trillion, surpassing previous local highs, which is promising. Bitcoin gained 3.2% in 24 hours as it […]
11/12/2023

The Flash Sell-off in Crypto?

Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market prices, and we saw a massive exit from long positions in low liquidity before the regular session in Asia. Strong […]
21/06/2024

GBP/USD Shrugs Despite Sparkling Retail Sales

The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of […]