Copper’s up trend resumed last week and accelerated significantly higher. The move was primarily driven by imposition of new trade sanctions by the UK and US, targeting Russian exports of key metals including aluminium, copper, and nickel to major commodity exchanges like LME and CME. This policy move, aimed at penalizing Russia for its actions […]
The post Copper’s momentum intensifies with trade sanctions with 4.7 level as pivotal marker appeared first on Action Forex.
Key Highlights WTI Crude Oil started a recovery wave above $96.50 and $98.00. A bullish trend line is forming with support at $99.80 on the 4-hour chart of XTI/USD. Gold is grinding lower below the Read more…
RBNZ Governor Anna Breman warned at a panel discussion today that New Zealand is being affected by global inflation shocks stemming from the Middle East conflict, noting that it has “disrupted global supply chains, pushing Read more…
Australia’s inflation accelerated sharply in March, with headline CPI rising from 3.7% yoy to 4.6% yoy, the highest since September 2023, though slightly below expectations of 4.8% yoy. The surge was largely driven by energy Read more…