Crude Oil Price Action Forecast The Crude Oil price behavior analysis is a matter for discussion. Opening the weekly oil chart reveals a prolonged sideways wedge within which crude oil has been trading for an extended period. Currently, black gold...
Market Fundamentals: Financial markets are increasingly pricing in a 25 basis point (bps) interest rate cut by the Federal Reserve, with the likelihood of a deeper cut rising to 36.5%, up from 24% last week, according to the CME Tool. This growing...
From a technical perspective, the EUR/USD has been trading within a descending pitchfork formation extending from the September 2024 highs. The pair recently rebounded off the lower parallel of this formation, with initial support identified at the...
GBP/USD Price Action Signals Our conversation today will delve into the price action analysis of the GBP/USD currency pair. The downward correction in the GBP/USD pair persists. The US dollar has partially regained losses from yesterday,...
GBP/USD Market Outlook Greetings and Good Morning guys! Yesterday was very helpful for the sellers of GBP/USD. They had crossed the 1.2422 zone successfully. Today, we can open a buy order with a short target of 1.2478 ahead. Overall, traders...
