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Gold price started a steady increase above the $2,200 resistance level. Crude oil prices are gaining bullish momentum and might rise toward $85.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,158 zone against the US Dollar. A connecting bullish trend line is forming with support […]

The post Gold Price and Crude Oil Price Gain Bullish Momentum appeared first on Action Forex.

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29/11/2023

NZD Tired of Flying

The Reserve Bank of New Zealand left its key rate unchanged at 5.5%, the highest in 15 years, but on hold for six months now. The decision was in line with market expectations. However, the NZDUSD rallied, adding over 1.2% at one point and touching 0.6200, a 4-month high. The buying impulse came from the […]
19/07/2024

GBP/USD: Cable Dips Further After Downbeat UK Retail Sales

Cable remains in red for the second consecutive day and extends pullback from new one-year high (1.3044). Weaker than expected UK retail sales increase pressure on sterling and add to bets for BoE rate cut in August (currently at 44%). Fresh bears broke below the floor of recent consolidation (around Fibo 23.6% of 1.2615/1.3044 upleg), […]
21/03/2024

WTI Crude Oil Futures Slip from 4-Month Peak

WTI crude oil looks positive despite the latest drop 20- and 200-day SMAs post bullish cross MACD and RSI show positive signs WTI crude oil futures are easing after the climb towards the new four-month high of 83.11 but the broader outlook remains bullish, especially after the rally above the 80.00 round number. According to […]