WTI oil futures (August delivery) are set to conclude their worst week since March, having plummeted by nearly 10% below trendlines and simple moving averages (SMAs) to hit a three-month low of $95.15/ barrel on Wednesday. The price is currently trading marginally higher, trying to preserve some strength above May’s low, but the technical indicators […]
The post WTI Oil Futures Signal Continuation of Brutal Selloff appeared first on Action Forex.
An aggressive fiscal spending proposal by Germany has attracted bullish animal spirits into EUR/USD. A significant rally in the longer-end German Bund yields is likely to alter ECB monetary policy guidance towards a “less dovish Read more…
Daily Pivots: (S1) 191.13; (P) 191.73; (R1) 192.57; More… Intraday bias in GBP/JPY remains neutral as range trading continues. On the upside, firm , fir break of 193.04 will resume the rebound from 187.04 to Read more…
Daily Pivots: (S1) 159.32; (P) 160.03; (R1) 161.32; More… Intraday bias in EUR/JPY stays on the upside for the moment. Rise from 154.77 is seen as another rising leg in the corrective pattern from 154.40. Read more…