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The commodity market, struggling to maintain its upward momentum, frequently slips into sell-offs. On Thursday, the price of Brent crude oil fell to 83.60 USD per barrel. On Wednesday evening, Brent lost almost 1% of its value due to expectations regarding lending costs. Market discussions revolved around the possibility that the Federal Reserve’s interest rates […]

The post Brent Crude Oil Declines Again appeared first on Action Forex.

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24/04/2024

WTI Futures Tick Up After Bouncing Off 50-SMA

WTI futures develop within a bullish channel since December Price retreats from a 6-month high but finds support at 50-day SMA Oscillators suggest intensifying positive momentum WTI oil futures (June delivery) have been in a constant uptrend since bottoming out at 69.97 in December, posting a fresh six-month peak of 86.90 on April 12. Despite experiencing a pullback from its highs, […]
03/01/2024

Gold Begins 2024 on a Weak Note

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13/05/2024

Unideal Inflation Dynamics Explain Why Fed Won’t be in a Position to Cut Rates Soon

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