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Iran is still quiet about reasons behind the helicopter accident Saudi Arabia’s King health scare turns focus on Crown Prince Oil still under pressure; a new catalyst could reverse the recent trend Iranian Presidential elections to be held on June 28 News of the helicopter accident, which resulted in the loss of several senior Iranian […]

The post Could Developments in Iran and Saudi Arabia Turn the Tide for Oil? appeared first on Action Forex.

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02/08/2024

Bitcoin Fends Off Bear Attack, Clinging to Levels

Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index remains at 57 (greed). This is bad news for the market right now, […]
23/05/2024

New Zealand Dollar Rises After Hot Retail Sales Data

The New Zealand dollar is in positive territory on Thursday. NZD/USD is up 0.38%, trading at 0.6120 in the European session at the time of writing. The New Zealand dollar showed some strength after the Reserve Bank of New Zealand rate decision on Wednesday, gaining as much as 1% and hitting a nine-week high. However, […]
04/04/2024

Dollar Index: Remains at the Back Foot Ahead of Key US Data

The dollar index remains in red for the third straight day and extend pullback from new multi-week high (104.83). Fresh bears pressure pivotal supports at 103.84/80 (Fibo 38.2% of 102.26/104.83 / top of thick daily Ichimoku cloud), with more obstacles seen at 103.60/40 zone (converging 20/55/200DMA’s / 50% retracement). Firm break of these supports would […]