Recession is not our base case, but we believe the risk distribution has shifted decisively to the downside, as oil briefly broke above $110/barrel and remains volatile. The U.S. economy does not enter the current oil price shock from a position of robust strength. With headline inflation on its way back above 3% as soon […]
The post What Would It Take to Tip the Economy into Recession? Oil Prices & Recession Risk Roadmap appeared first on ActionForex.
EUR/USD is trading around 1.1608 on Tuesday. The US dollar attempted to recover from a sharp intraday decline the previous day, which had been driven by expectations of a faster resolution to the conflict involving Read more…
As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions. Bullish view: the key support is the lower boundary of the long-term channel that has Read more…
Analysing the EUR/USD chart five days ago, we: → constructed a downward channel, noting signs that the bears remained in control; → outlined a scenario in which the rate would decline to a new yearly Read more…