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As the XBR/USD chart shows, Brent crude oil prices formed a gap at the start of this week: while Friday’s session closed at 75.60, Monday’s opening price dropped below 72.60. According to Reuters, this development is tied to the fact that Israel’s recent missile strike on Iran did not impact oil or nuclear facilities, reducing […]

The post A Bearish Gap on the Brent Crude Oil Chart appeared first on Action Forex.

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20/03/2024

GBP: Analysts Predict Lower CPI Figures

In its February meeting, the Bank of England kept interest rates unchanged at 5.25%, the highest in 16 years. While one policymaker advocated for a rate cut, the central bank refrained from signaling any imminent changes, citing the need for further evidence on inflation. With inflation stable at 4.0% y/y in January and the economy […]
06/09/2024

Gold Rallies as Market Bets on Rapid Fed Monetary Easing

Gold has returned to growth. On Friday, a troy ounce of the precious metal was priced at 2517 USD. The price has stabilised as the market awaits the release of August’s crucial US employment report. The data could prompt a revision of the Federal Reserve’s interest rate outlook, which is particularly important given the short […]
31/05/2024

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