Logo-color Logo-white

Brent oil prices fell to 78.30 USD per barrel on Monday. Despite OPEC+ decisions at the November meeting, oil prices are falling. The issue is that the actual parameters of OPEC+ quotas turned out to be lower than investors expected. This does not cancel out the Cartel’s powerful support on prices. However, the market cannot […]

The post Brent “Does Not Believe” OPEC+ appeared first on Action Forex.

previous

Sunset Market Commentary

next

GBP/USD Remains In Uptrend But Bulls Lose Strength

Read More

10/01/2024

Australia: Inflation Continues to Moderate in November

While dwelling and rents may still be of concern, the increase in household services prices was less than expected while many household goods are not measured in November, the month for the increasingly significant Black Friday/Cyber Monday sales. The Monthly CPI Indicator rose 4.3% in the year to November, down from 4.9%yr in October and […]
30/08/2024

Week Ahead – Investors Brace for NFP Amid Fed Rate Cut Speculation

Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on GDP numbers Bets for double Fed cut remain elevated Here comes another NFP week, with investors eagerly awaiting the results […]
28/03/2024

GBP Consolidates Amid Concerns Over Economic Growth and Wage Trends

The GBP/USD pair is currently consolidating, hovering around the 1.2631 mark. This consolidation phase follows recent reports highlighting a slowdown in the expansion plans of British businesses for workforce and wage growth, raising concerns about future economic dynamics and inflationary pressures. A key report from the Lloyds Bank Business Barometer indicates a noticeable dip in […]