The XBR/USD chart reveals that Brent crude oil is trading near its lowest levels of the year. Several factors are pressuring oil prices: → China’s uncertain demand outlook: As the world’s largest crude oil importer, any signs of weakening demand weigh heavily on the market. → A strengthening US dollar: Since Brent is priced in […]
The post Brent Crude Oil Analysis: Bulls Hold the Line at Key Support appeared first on Action Forex.
Canada’s inflation report for October will be in the spotlight on Tuesday after falling below the Bank of Canada’s 2% target for the first time since 2021 in September. Headline inflation likely edged back to Read more…
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Asian stocks were mixed today, influenced by weak Chinese data and uncertainty around US Federal Reserve policies. Fed Chair Jerome Powell’s cautious stance on cutting interest rates and stronger-than-expected US inflation data have reduced expectations Read more…