WTI oil futures keep facing constraints on the upside Trend signals endorse the positive trajectory WTI oil futures only marginally surpassed January’s high of 79.28, before closing back within the 78.00 territory and around the 38.2% Fibonacci retracement of the September-December downleg, which has been restricting upside movements for more than a week. The sideways […]
The German Consumer Climate Index declined in January, impacting the eurozone’s largest economy and applying pressure on the single currency. The index fell by 1 point to -22.4 by February, having remained deeply negative since late 2021 without showing an upward trend since mid-last year. The report highlights a decrease in income expectations and purchase […]
The post Euro Pressured by German Pessimism appeared first on Action Forex.
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