Logo-color Logo-white

Oil is up 2.8% since the start of the day on Friday following a new round of escalation in the Middle East. The price of Brent rose above $80, while a barrel of WTI traded above $75. The US and the UK carried out strikes on military targets in Yemen, which has vowed not to […]

The post Middle East Escalation Coincides With Oil Price Key Level appeared first on Action Forex.

previous

AUDUSD Remains in Positive Territory

next

USD/CAD – Technical Analysis Forecast

Read More

12/06/2024

CADJPY Wave Analysis

CADJPY reversed from key support level 113.00 Likely to rise to resistance 115.40 CADJPY currency pair recently reversed up from the key support level 113.00 (that reversed the pair with the daily Hammer in the middle of May, as can be seen below). The support level 113.00 was strengthened by the lower daily Bollinger Band […]
18/09/2024

GBP/USD Bounces Back: Fed Rate Decision Looms Large Over Next Move

Key Highlights GBP/USD started another increase from the 1.3000 support. It cleared a key bearish trend line with resistance at 1.3180 on the 4-hour chart. The UK CPI could rise by 2.2% in August 2024 (YoY). Today, the Fed could reduce interest rates from 5.50% to 5.25%. GBP/USD Technical Analysis The British Pound found support […]
03/09/2024

Commodity Currencies Trade in the Defensive

Markets European stocks opened in red, ended in green. German yields added some 3-4 bps, launching the 10-yr yield to the highest level since the August meltdown. And the Japanese yen lagged global peers on currency markets. That’s about all there is to say about yesterday’s uneventful, US-missing trading day. Morning news today remains very […]