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WTI oil futures seek buyers around strong support trendline near 69.00 Short-term bias remains bearish; a bounce above 74.00 is needed WTI oil futures edged up to 71.44 on news that OPEC members are discussing a potential delay in a planned output hike in October. Technically, the price rotated higher after marking a nine-month low […]

The post WTI Oil Futures Test Critical Support appeared first on Action Forex.

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10/05/2024

Cliff Notes: Staying the Course

Key insights from the week that was. Please complete this form before arriving for your appointment In Australia, the RBA Board left the cash rate unchanged at 4.35%. This decision, following an upside surprise on inflation data and stronger-than-expected labour market data but weaker partials for consumption, highlights the Board’s cautious approach amid volatile data. […]
08/08/2024

Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us?

The Bank of Japan (BoJ) released their summary of opinions, accompanied by bearish comments from BoJ policymakers. Geopolitical concerns could bolster the Yen, but the safe haven appeal might be divided among the US Dollar, Yen, and Swiss Franc. From a technical perspective, USD/JPY, GBP/JPY, and EUR/JPY have all rebounded strongly and formed an imperfect […]
07/12/2023

EURGBP Moves Sideways After Significant Plunge

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