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WTI oil price bounces on Tuesday following repeated downside rejection at key support at $65.26 (Sep 10 low), but recovery is likely to be limited, as larger picture is bearish and fundamentals predominantly negative. Oil sentiment is firmly negative on growing concerns about the impact of tariffs on global economy, fears that the US economy […]

The post WTI Oil – Consolidation/Limited Correction to Precede Fresh Push Lower appeared first on Action Forex.

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18/03/2024

This Week is Jampacked with Central Bank Meetings

Markets Core bonds fell on each and every day last week, including on Friday. Weekly gains for US yields varied between 17.6 bps (30-y) to 27.9 bps (5-y). German rates added between 14.7 and 19.1 bps in a curve move similar to the US. Real yields accounted for the bulk of the move. Note however […]
06/06/2024

Dream Bigger Than the Price

The data from the US yesterday was mixed: a softer-than-expected ADP read and a stronger-than-expected ISM services data marked the session. According to the data, the US economy added 152K new private jobs in May – much lower than 175K penciled in by analysts and the weakest number since the start of the year, meanwhile […]
08/01/2025

USDJPY – Bulls Eye 160 Target

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