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Trade headlines are striking an optimistic tone this week. According to Bloomberg, US and Chinese officials have agreed to a plan ‘to ease trade tensions,’ a move that could revive the flow of sensitive goods between the world’s two largest economies. Meanwhile, the US and Mexico appear close to finalising a deal that would lift […]

The post Trade and Inflation in Focus appeared first on Action Forex.

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18/09/2024

CHFJPY Wave Analysis

CHFJPY reversed from support zone Likely to rise to the resistance level 168.45 CHFJPY currency pair recently reversed up from the key support zone located between the long-term support level 166.75 (which has been reversing the price from the start of this year) and the lower daily Bollinger Band. The upward reversal from this support […]
25/10/2024

USDCAD Still Near the Almost 3-Month High

USDCAD adds 3.4% from 1.3420 Remains well above the SMAs MACD and RSI indicate overbought levels USDCAD has been creating a notable bullish rally since the bounce off the 1.3420 support level, taking the price to an almost three-month high of 1.3868. The pair added 3.4% on this rally, trying to switch the medium-term outlook […]
10/09/2024

Brent Remains Under Pressure: China and Rapid Growth in OPEC+ Production to Blame

The oil market remains under pressure. A barrel of Brent oil declined to 71.80 USD by Tuesday. The commodity erased all early-week gains as fears of slowing demand in China outweighed the risk of energy shortages due to the storm in the Persian Gulf. In recent weeks, market participants have been paying close attention and […]