Strong bullish acceleration on Monday (WTI contract was up around 3% in Asia/Europe) retraced close to 50% of last week’s 8.5% drop, as sentiment improved on China’s opening its borders that brightened the outlook for oil demand, while weaker dollar also contributed to higher oil prices. Technical studies on daily chart are improving as 14-d […]
The post WTI Oil: Oil Price Rises on Renewed Demand Optimism But Key Barriers Still Hold appeared first on Action Forex.
We expect the Federal Reserve to keep its monetary policy unchanged at the March meeting, in line with consensus and market pricing. Powell will avoid giving firm forward guidance regarding the Fed’s reaction to the Read more…
EUR/USD halts sharp pullback, rebounding from July lows. But momentum signals and ‘death cross’ keep bearish bias intact. EUR/USD pares losses at a seven-and-a-half-month low near 1.1450 EUR/USD is attempting to recover some lost ground Read more…
EUR/USD is recovering losses from 1.1500. USD/JPY is correcting gains from 159.00 and might decline further if it stays below 158.30. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro struggled to stay in Read more…