Logo-color Logo-white

WTI oil price is holding within a tight range on Tuesday and consolidating Monday’s 1.40% advance, sidelined by mixed fundamentals. Supply concerns following recent attacks on Russian oil installation, which may cause longer disruptions from one of world’s top oil producers and exporters, weigh on oil price, while weaker dollar underpins. Technical studies remain firmly […]

The post WTI Oil Outlook: Takes a Breather after Monday’s 1.40% Advance appeared first on Action Forex.

previous

Bitcoin tops $71K, about to retest highs

next

NZ First Impressions: Budget Policy Statement Review

Read More

09/08/2024

EURJPY Wave Analysis

EURJPY reversed from support zone Likely to rise to resistance level 162.50 EURJPY currency pair recently reversed up sharply from the support zone located between the multi-month support level 154.30 (which has been reversing the price from October) and the lower daily Bollinger Band. The upward reversal from the support zone created the daily candlesticks […]
10/09/2024

ECB Policy Meeting: Another Rate Cut and Emphasis on September’s Data

ECB widely expected to deliver a second rate cut to 3.50% September’s data could be important for October’s meeting EURUSD looks bearish; next support could develop near 1.0990 Spotlight turns to economic growth too Inflation is no longer the sole focus, as economic growth has gained equal importance, although central banks still prioritize maintaining symmetrical […]
03/01/2024

EUR/USD Holds Below Mid-1.0900s Ahead of US PMI, FOMC Minutes

EUR/USD edges lower to 1.0941 amid the firm USD. The US S&P Global Manufacturing PMI for December eased to 47.9 vs. 48.2 prior, weaker than expected. The increased odds of rate cuts from the European Central Bank (ECB) weigh on the Euro. The EUR/USD pair remains under pressure during the early Asian session on Wednesday. […]