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Crude oil starts the week with moderate gains after three consecutive weeks of losses. Tensions in the Middle East have escalated after the U.S. imposed new sanctions on individuals and vessels involved in exporting Iranian crude to China, which could impact global supply. However, gains are limited by concerns that Trump’s tariffs on steel and […]

The post XBRUSD: Technical and Fundamental Outlook appeared first on Action Forex.

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10/01/2025

AUDUSD: Falling Wedge

AUDUSD, H4 AUDUSD is in the decline and currently navigating within a falling wedge. The price is testing the crucial 0.6180 support zone, while the UsDollar strengthened, so two scenarios possible: If the price bounces from the 0.6180 support it may rise to the upper border at the 0.6255 level. However, breaking below the 0,6180 […]
22/02/2025

Markets Weekly Outlook – US PCE, Japanese Inflation & Tariffs in Focus

US equity markets experienced a slight downturn due to concerns about inflation impacting consumer spending, highlighted by Walmart’s cautious outlook. The upcoming US PCE data is crucial as the Fed’s preferred inflation measure. Japanese inflation data will also be key this week as markets eye the Bank of Japans next move. German elections take place […]
09/01/2024

GBPUSD Gains Some Confidence for New Higher High

GBPUSD returns above key support trendline, reduces negative risks Technical signals are encouraging for a continuation to 1.2850-1.2900 GBPUSD stepped on the 20-day simple moving average (SMA) and climbed back above the broken short-term support trendline from October at 1.2720, reviving hopes that the soft four-day bullish wave could gain extra legs in the coming sessions. […]