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The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent. The global oil market, particularly Brent crude, has entered a phase of notable decline, with prices plummeting to six-month lows. This downturn reflects growing concerns over the prospects of falling fuel demand amidst various economic challenges and market dynamics. […]

The post Oil Prices Plunge On Falling Fuel Demand Concerns appeared first on Action Forex.

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15/04/2024

NZ Dollar Slides to Five-Month Low

The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%. The New Zealand dollar dropped as low as 0.5927 earlier, its lowest point since November 14. NZ Services PSI declines New Zealand’s services sector had a dismal March, […]
09/03/2024

US February Employment: The Devil Is in the Details

Summary Another strong beat in payroll growth in February masked other signs of softening in the jobs market. Nonfarm payrolls surpassed consensus expectations for a 200K increase by rising 275K last month, with gains broadly-based across industries. Even with some meaningful downward revisions to the prior two months, the three-month average pace of job growth […]
20/05/2024

Gold Hits New Record High

On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven assets. Recent statistics indicating a slowdown in consumer inflation in the […]