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Fed’s cautious stance drives WTI crude oil lower Commodity capped by bearish cross and 80.00 level in daily chart Prices consolidate in 4-hour timeframe Oil prices continued to decrease on Tuesday due to the cautious stance of Fed officials despite the recent softening of inflation. This has raised concerns that US interest rates may remain elevated for an extended […]

The post Is the Time for WTI Crude Oil to Create Bearish Correction? appeared first on Action Forex.

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13/08/2024

GBP/USD Eyes Recovery: Key Hurdles In The Way

Key Highlights GBP/USD started a recovery wave from the 1.2665 zone. It broke a major bearish trend line with resistance at 1.2750 on the 4-hour chart. Gold prices could again aim for a move above the $2,500 resistance. The UK Claimant count could change by 14.5K in July 2024. GBP/USD Technical Analysis The British Pound […]
26/07/2024

Crypto Market Takes a Chance on Recovery

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02/07/2024

EUR/USD Struggles to Maintain Gains Amid Mixed Economic Signals

The EUR/USD pair experienced a noticeable uptick yesterday, but failed to sustain its peak, settling at 1.0732 today. Early gains were buoyed by the initial outcomes from France’s parliamentary elections, which did not reflect the worst-case scenario, sparking a temporary surge in risk appetite and bolstering the euro. However, last evening’s economic indicators from the […]