After trading in a rollercoaster manner in 2022, oil seems to be starting the new year between a rock and a hard place as the outcomes of ongoing market-related themes could end up working in favor of it or against it. In other words, the risks surrounding the black liquid are two-sided, and it remains […]
The post Is Oil Stuck Between a Rock and a Hard Place? appeared first on Action Forex.
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Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
China’s economic activity showed a stronger-than-expected start to 2026, with key indicators rebounding in the January–February period. Industrial production rose 6.3% yoy, well above market expectations of 5.1%. Retail sales increased 2.8% yoy, also beating Read more…