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Key Highlights WTI Crude Oil price started a fresh decline from the $73.25 resistance. It traded below a key bullish trend line with support at $72.20 on the 4-hour chart. Gold started a downside correction from the $2,685 high. Bitcoin dipped after the bulls struggled above $66,000. WTI Crude Oil Price Technical Analysis WTI Crude […]

The post WTI Crude Oil Dips Once More: Is More Weakness Ahead? appeared first on Action Forex.

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11/01/2024

GBP/USD Flat Ahead of US Inflation Data

US CPI expected to edge higher to 3.2% UK GDP projected to rebound to 0.2% The British pound is unchanged on Thursday, trading at 1.2741 in Europe. We could see some movement from the pound in the North American session following the release of the US inflation report. On Friday, the UK releases GDP, which […]
29/04/2024

US 500 Cash Index in the Green Ahead of Fed

US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are probably feeling relieved following the recent strong tech earnings […]
27/06/2024

Is France Headed for Political Stalemate and How Bad is this for Euro?

Far-right National Rally party maintains lead ahead of June 30 first round of votes But can it secure an absolute majority as left-wing alliance makes progress? A hung parliament might be the worst outcome for the euro France in political turmoil President Macron’s decision to call a snap legislative vote hot on the heels of […]