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WTI oil price continues to trend higher, extending recovery from Dec 13 low ($67.70) into fifth consecutive day. Growing tensions on several attacks on ships in the Red Sea, which prompted major shipping companies to reroute, added to fears about supply disruption amid existing conflict in Palestine and further lifted oil prices. Recovery has so […]

The post WTI: Oil Price Rises Further on Growing Supply Disruption Concerns appeared first on Action Forex.

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05/09/2024

USDCHF Eyes August’s Low as Bears Stay in Charge

USDCHF trims latest rebound, holds bearish trend ahead of US data Short-term bias skewed to the downside; bears wait for a move below 0.8435 USDCHF has been stuck in a downward trend since April’s peak of 0.9223, unable to sustain any bullish corrections. More recently, following its bounce from an eight-month low of 0.8398, the […]
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