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WTI Oil extends steep fall from Monday’s $70.58 lower top and hit the lowest in nearly three months on Tuesday. A number of factors continue to weaken oil’s sentiment, with the latest decision of OPEC+ group to proceed with planned production increase, adding to growing uncertainty over escalation of trade war, as well as halt […]

The post WTI: Crude Price Falls Further on Increased Output, Trade War Escalation appeared first on Action Forex.

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30/05/2024

EUR/USD Exchange Rate Has Fallen Below 1.08 Level

As the EUR/USD chart today shows, yesterday the rate dropped by 0.46% – the most significant strengthening of the US dollar against the euro in one day this month. Moreover, the rate fell below the psychological mark of 1.08 euros per dollar (in the first half of May, it served as resistance). Yesterday’s movement was […]
13/06/2024

AUDUSD: Buying The Dips at the Blue Box Area

In this technical article we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex pair , published in members area of the website. As our members know, AUDUSD has recently given us correction against the 0.63618 low. The pair reached our target zone and completed correction right at the Equal […]
26/11/2024

NZD/USD Hits Yearly Low Amid US Dollar Strength

The NZD/USD pair has experienced a significant decline, touching a low of 0.5841 and reaching a yearly trough of 0.5796. The primary pressure comes from a robust US dollar, bolstered by anticipations of a more stringent tariff regime under US President-elect Donald Trump. Speculations about Trump imposing an additional 10% tariff on all Chinese goods […]