Logo-color Logo-white

Global headlines were shaken yesterday by the news that Israel is considering striking Iran’s oil facilities, and that Joe Biden may let Israel do it. This comes after Iran’s latest attack, which was in response to a Hezbollah strike on Israel. And that, of course, followed Israel’s ongoing conflict in Gaza. It’s a complex chain […]

The post Pound’s Bullish Run in jeopardy appeared first on Action Forex.

previous

GBPUSD Seeking Supply Zones After Thursday’s Massive Sell-off

next

US Payrolls Will Take Center Stage Today

Read More

04/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.30 Likely to fall to support level 167.40 CHFJPY currency pair recently reversed down from the key resistance level 170.30, which stopped the previous impulse wave (3) earlier this month. The resistance level 170.30 was strengthened by the upper daily Bollinger Band. Given the strength of the resistance level 170.30, […]
06/04/2024

BoC to Hold the Line on Interest Rates on Mixed Economic Data

The Bank of Canada is widely expected to leave interest rates unchanged for a sixth consecutive policy decision on Wednesday. We expect the wording of the policy statement to leave options open for how long it plans to leave interest rates at current levels before pivoting to cuts. Economic data since the last interest rate […]
04/11/2024

OPEC+ Continues to Actively Support Oil Prices

Market Picture Crude oil gained around 2.5% on Monday after OPEC+ reported that it intends to delay the cartel’s production quota increase by one month from December. The November 2023 agreement calls for eight major producers, including Saudi Arabia and Russia, to voluntarily cut output by 2.2 million bpd. This is another attempt by the […]