Against the backdrop of military developments in the Middle East, the situation in the oil market is evolving rapidly. Only two days have passed since 9 March, when we published a morning analytical note in which we: → highlighted the rise of XTI/USD above $100 and a sharp spike in volatility (as reflected by the […]
The post XTI/USD Chart Analysis: Oil Prices Remain Volatile appeared first on ActionForex.
As the S&P 500 chart (US SPX 500 mini on FXOpen) shows, the index is trading near the 6,800 level this morning. However, the balance between supply and demand could change significantly after the release Read more…
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GBP/USD rose to 1.3450 on Wednesday. Expectations of de-escalation in the Middle East supported the pound, as lower oil prices reduced inflationary risks for the British economy, which is heavily dependent on energy imports. Despite Read more…