Crude oil prices fell after initially gaining over 1.5% on Wednesday, marking the biggest rise in two weeks. Despite concerns about Tropical Storm Francine’s impact on US oil production, traders believe the storm’s effects will be short-lived due to the current oversupply in the market. The US Dollar also strengthened following a surprise rise in […]
The post Crude Oil Slips After Brief Rally As USD Strengthens 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…
Almighty dollar awaits PMIs for more signs of Fed cut delays Eurozone PMIs also on tap amid speculation of bigger cut by ECB Pound could benefit from data pointing to rebound in inflation Canadian and Read more…
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…