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Brent crude oil is trading above $71 per barrel today, marking its highest level since late February. As shown on the XBR/USD chart, the price surged by approximately 2.6% on the last day of March. Why Has Oil Risen? Bullish sentiment in the market is driven by the US President’s stance on Russia and Iran. […]

The post Brent Crude Oil Price Rises Above $71 appeared first on Action Forex.

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20/01/2024

Canadian Dollar Drifting Ahead of Retail Sales

Canada’s retail sales expected to fall to zero The Canadian dollar is showing limited movement for a second straight day. In the European session, USD/CAD is trading at 1.3496, down 0.13%. Markets brace for stagnant retail sales Canada releases retail sales for November later today, and the markets are expecting no growth, following a 0.7% […]
22/11/2024

British Retail Sales Decline, Pound Extends Losses

The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales weaker than expected UK retail sales disappointed in October, with a sharp decline of 0.7% m/m. This follows a downwardly revised 0.1% gain in […]
04/11/2024

EUR/USD Bears Eye Control: Is the Downtrend Set to Continue?

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