The USDJPY pair has surged to a 14-week peak, touching 153.83 as demand for the US dollar strengthens with the unfolding US presidential election. This rally aligns with increasing support for Donald Trump, whose lead in critical states has fuelled investor optimism. This week, US political developments are poised to dominate market attention, with the […]
Jan 02, 2025
Brent Crude – Oil Eyes Break of Key Confluence Level on Chinese Optimism
Oil prices rose due to declining US stockpiles and renewed Chinese optimism after President Xi Jinping pledged to promote growth. Mixed results from Chinese manufacturing data may indicate that government stimulus programs are starting to work. A Reuters poll predicts oil prices will remain around $70 a barrel in 2025. From a technical perspective, price […]
The post Brent Crude – Oil Eyes Break of Key Confluence Level on Chinese Optimism appeared first on Action Forex.
Share
previous