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WTI oil price hit new multi-month low on Wednesday morning, in extension of Tuesday’s nearly 4% drop which fully reversed recovery of past three days. Larger bears regained full control after limited correction and signal continuation of broader downtrend from 2023 peak ($95.00, posted on Sep 28). Higher than expected US inflation numbers for November […]

The post WTI Oil: Hits the Lowest Levels in Nearly Six Months Ahead of FOMC Decision appeared first on Action Forex.

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12/04/2024

Dollar Holds Better Cards Against Both Euro and Pound

Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote about a handful of officials that needed extra convincing to rally behind the decision to stand pat for a little […]
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Natural Gas Perfect Reaction Higher From Extreme Area

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