Key Highlights WTI Crude Oil price started a recovery wave from the $67.00 zone. It broke a key bearish trend line with resistance at $70.60 on the 4-hour chart. EUR/USD could struggle to recover above the 1.0920 resistance. GBP/USD faces hurdles near the 1.3020 resistance. WTI Crude Oil Price Technical Analysis WTI Crude Oil price […]
The post WTI Crude Oil Starts Recovery Effort: Can It Sustain The Climb? appeared first on Action Forex.
US 500 index rebounds off 50-day SMA RSI and MACD weaken their momentum The US 500 index has paused its bearish correction near the 5,720 support level and the 50-day simple moving average (SMA). The Read more…
The RBA Board left the cash rate unchanged at 4.35%, as expected. Disinflation on track but Board still vigilant to upside inflation risks and is not ruling anything in or out. As expected, the RBA Read more…
Markets US market moves suggested investors reduced the ‘established Trump-trade’ to position to a more neutral one with a survey showing Harris potentially taking the lead in Iowa driving the move. After rising substantially on Read more…