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Crude Oil The price of a barrel of crude oil has fallen 1.6% since the start of Monday, bringing the decline over the last two trading sessions to 4%. Pressures on the oil price include signals from the ceasefire talks between Israel and Lebanon (reducing supply risks) and disappointment over the size of China’s stimulus […]

The post Oil & Gas: Still Mostly Bearish Prospects appeared first on Action Forex.

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19/12/2023

RBA Minutes December 2023: The Benefits of Waiting

Monetary policy is working to bring demand and supply back into alignment and inflation back to target, and some of the concerns that would support a case to raise rates further were effectively dismissed by data released after the meeting. The Board’s decision to hold was therefore vindicated by subsequent events. The minutes of the […]
07/03/2024

Research China – A Long and Painful Transition

China continues to struggle with a housing crisis that shows no signs of turning three years into the crisis. We expect it to weigh on the economy again this year. However, the overall economy continues to muddle through with the help of stimulus and industrial policy. In 2024 we look for growth to moderate from […]
21/08/2024

Market Analysis: EUR/USD Regains Strength While USD/CHF Struggles

EUR/USD started a fresh increase above the 1.1000 resistance. USD/CHF declined and now struggling below the 0.8600 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro surged after it broke the 1.0950 resistance against the US Dollar. There is a connecting bullish trend line forming with support near 1.1090 on the hourly chart […]