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Brent crude oil prices decreased slightly on Wednesday, falling to 89.50 USD per barrel. The decline is primarily attributed to concerns over global oil demand, particularly given the economic indicators coming out of China, the world’s largest energy importer. Although China’s GDP grew faster than expected in Q1 2024, other critical economic parameters such as […]

The post Brent crude prices dip amid concerns over global demand appeared first on Action Forex.

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26/07/2024

USD/CAD Rally Pauses: Awaiting Next Correction

The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction. The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at its meeting this week. Overall, the tone of the Canadian regulator’s remarks has changed. The Bank […]
01/08/2024

Dollar Trades Remarkably Resilient Given Risk On and Yield Drop

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23/01/2024

AUD/USD Faces Major Hurdle, Can It Recover?

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