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Markets Markets yesterday initially reacted stoic to Saturday’s attack of Iran and against Israel. European and US equity markets even opened in green. Brent oil briefly dropped below the $90 p/b mark. Investors apparently expected any Israeli reaction to be guarded as the international community advocated de-escalation. Yields also resumed the uptrend that was interrupted […]

The post WS Risk-Off Spilled Over to Asia appeared first on Action Forex.

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31/07/2024

Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next

Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks. Gold and oil […]
14/06/2024

RBA Preview: Comforts and Confidence

The RBA Board is expected to leave the cash rate unchanged at next week’s meeting. The recent data-flow will provide some comfort that restrictive policy is bringing inflation back under control, but the path is still uncertain. Vigilance remains the order of the day until the RBA becomes more confident of achieving a sustained return […]
06/05/2024

EURGBP Wave Analysis

EURGBP reversed from support zone Likely to rise to resistance level 0.8625 EURGBP recently reversed up from the support zone lying between the key support levels 0.8500, 0.8550 and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star Doji. EURGBP can be expected […]