WTI oil price is down for the second day and probes below $90 level, under renewed pressure from rising concerns about the state of global economy, rise in OPEC oil output in August to the highest since early period of pandemic in 2020 and s slowdown in the activity in China’s manufacturing sector, due to […]
The post WTI Oil: Oil Falls on Renewed Demand Concerns; Bull-Trap and Bearish Engulfing Add to Negative Signals appeared first on Action Forex.
US durable goods orders dropped -1.1% mom in November to USD 285.1B, significantly missing market expectations of a -0.3% mom decline. This also marks the third decline in the last four months. Excluding transportation, orders Read more…
Canada’s GDP rose 0.3% mom in October, surpassing expectations of 0.2% mom, with 12 out of 20 sectors contributing to the growth. This marked a rebound for the goods-producing industries, which expanded by 0.9% mom Read more…
The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday’s European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing. Canada’s GDP expected to remain at 0.1% Read more…