The week starts on negative sentiment as Friday’s jobs report couldn’t prevent the selloff from extending in the US. And more importantly for the Europeans, Gazprom didn’t restore gas flow to Europe on Saturday, as planned. Gazprom said that a leak was detected, and that the pipeline could not operate before it’s fully repaired. But […]
The post Worsening Energy Crisis, OPEC Decision and UK’s Next PM appeared first on Action Forex.
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 10.8.2024 high is in progress as a 5 waves impulse. Down from 10.8.2024 high, wave 1 ended at 66.72. Wave 2 rally ended Read more…
Key Highlights Gold started a fresh increase from the $2,535 support. It broke a major bearish trend line with resistance at $2,630 on the 4-hour chart. Oil prices are recovering and might rise toward the Read more…
Canadian Dollar and Mexican Peso faced sharp declines after US President-elect Donald Trump announced plans for aggressive trade measures targeting Canada, Mexico, and China. Trump stated that on January 20, as one of his first Read more…