Japanese Yen: Pressure builds near 159 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann maintain a constructive view on USD/JPY after the pair advanced toward 158.84. Intraday, a push above 159.00 is anticipated, though staying above…
GBP/USD Price Forecast: Sees more downside below 1.3300
The GBP/USD pair trades lower near 1.3300 in the early European trade at the start of the week, the lowest level seen in over five weeks. The Cable is down…
EUR/USD Weakens Sharply After Key Support Finally Gives Way
Key Highlights EUR/USD started a sharp decline below the 1.1700 zone. It traded below a rising channel with support at 1.1720 on the 4-hour chart. GBP/USD could extend losses if…
WTI hold gains near $102.50 after drone attacks on UAE, Saudi Arabia
West Texas Intermediate (WTI) oil price gains ground for the third consecutive day, trading around $102.70 during the Asian hours on Monday. Crude oil prices are rising due to growing…
Swiss Franc flatlines near multi-week low on Fed hike repricing
The USD/CHF pair holds steady near 0.7870 during the early European session on Monday. The pair currently trades near the highest since April 30, bolstered by a stronger US Dollar…
Iran war economic toll deepens as global oil stocks near exhaustion
Global oil stocks are nearing exhaustion as Iran war disruption persists, with refined product reserves draining fastest and prices at risk of a convulsive spike, analysts warn.Summary:Multiple analysts argue Iran's…
Platinum Wave Analysis – ActionForex
Platinum: ⬇️ Sell Platinum reversed from resistance level 2140.00 Likely to fall to support level 1871.50 Platinum recently reversed down from the pivotal resistance level 2140.00 – which stopped earlier…
Australian Dollar remains subdued below 0.7150 following China’s data
AUD/USD loses ground for the third consecutive day, trading around 0.7130 during the Asian hours on Monday. The pair depreciates following key economic data from Australia’s close trading partner, China.China’s…
WTI advances to two-week top as Iran tensions stoke supply fears
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the third consecutive day and climbs to a two-week high during the Asian session on…
Euro softens to near 1.1600 on US–Iran tensions
The EUR/USD pair trades in negative territory around 1.1615 during the early Asian session on Monday. The Euro (EUR) extends the decline as the prolonged US-Iran conflict weighs on the…
