WTI oil remains under pressure at the beginning of the week, following Friday’s 4% drop (the biggest one-day loss since Sep 23) and continuing to pressure pivotal support at $84.92 (daily Kijun-sen/50% retracement of $76.25/$93.60 rally). The optimism on expectations for a stronger fuel demand from China, after the government announced a liquidity measures to […]
The post WTI Oil: Friday’s Bearish Engulfing Weighs on Near-Term Action appeared first on Action Forex.
We expect the Federal Reserve to keep its monetary policy unchanged at the March meeting, in line with consensus and market pricing. Powell will avoid giving firm forward guidance regarding the Fed’s reaction to the Read more…
EUR/USD halts sharp pullback, rebounding from July lows. But momentum signals and ‘death cross’ keep bearish bias intact. EUR/USD pares losses at a seven-and-a-half-month low near 1.1450 EUR/USD is attempting to recover some lost ground Read more…
EUR/USD is recovering losses from 1.1500. USD/JPY is correcting gains from 159.00 and might decline further if it stays below 158.30. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro struggled to stay in Read more…