Logo-color Logo-white

Key Highlights Crude oil bulls are eyeing an upside break above the $81.00 resistance. A major bullish trend line is forming with support at $78.40 on the 4-hour chart. Gold prices extended gains above the $2,032 resistance. Bitcoin trimmed most losses and could extend its increase above $70,000. Crude Oil Price Technical Analysis After struggling […]

The post Crude Oil Price Aims Higher As Dollar Takes Hit appeared first on Action Forex.

previous

USD/JPY: Falls Below 150.00 on Growing Expectations for BoJ Rate Hike in March

next

Keeping Up With the Central Banks

Read More

17/10/2024

Sunset Market Commentary

Markets The ECB’s unanimous back-to-back rate cut brought the deposit rate to 3.25% today. This third rate reduction came earlier than analysts and the ECB itself expected in the days after the September 12 policy meeting. “The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also […]
12/09/2024

ECB to Cut Rates by 25bp

In focus today Today, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should lead to a further increase in the confidence of the disinflationary process being on track, in particular given the slowdown in […]
04/04/2024

USDJPY Hovers Beneath 152 Ceiling as Bulls Refuse to Give Up

USDJPY remains stuck within 151-152 range Neutral trend looks safe for now But strong support keeps bullish forces alive USDJPY has been gradually inching higher after dropping near the floor of the sideway range at the end of March to briefly touch 151.01. Prices made it all the way to 151.94 on Wednesday before easing […]