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In focus today In Germany, we get the ZEW index for October, which will give an update on how investors asses the economic situation in Germany. In September, the assessment of the current situation declined to the lowest level since Covid, and expectations declined in a sign of the weakness in the German economy. In […]

The post Oil Price Declines appeared first on Action Forex.

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25/06/2024

Brent Crude Oil Hits Two-Month High Amid Geopolitical Tensions

Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation between Israel and Hamas, which shows no sign of abating despite the involvement of international mediators backed by […]
10/07/2024

Is It Time for Gold to Emerge Above Key Resistance?

Gold trades higher, but withing a broader sideways range RSI and MACD imply strengthening upside momentum A break above 2388 could add to the bullish case A dip below 2340 may allow declines within the range Gold is moving higher today, after hitting support near the 2,450 zone yesterday. The precious metal is trading above the […]
03/09/2024

USD/JPY Price Forecast – USD Gains Despite Labor Day Liquidity

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed’s September rate decision and USD/JPY direction. Japanese economic indicators and seasonality may also influence USD/JPY’s trajectory. USD/JPY continued its advance on a thin liquidity Monday. The greenback is up around 0.57% against the JPY […]