Logo-color Logo-white

WTI oil price rose above $79 for the first time in two weeks on Thursday, as fresh bullish acceleration extends into third consecutive day. The OPEC+ decided to extend its supply cuts in 2024, as the cartel met today, after meeting scheduled for Nov 26 was postponed, adding support to oil price. The top world […]

The post WTI Oil: Oil Price Extends Advance as OPEC+ Rolls Over Production Cuts appeared first on Action Forex.

previous

Eurozone Disinflation Accelerates as Markets Price in April Rate Cut

next

Cliff Notes: Constructive Policy Developments

Read More

04/04/2024

EURUSD Wave Analysis

EURUSD reversed from key support level 1.0730 Likely to rise to resistance level 1.0860 EURUSD currency pair recently reversed up from the key support level 1.0730, which has been reversing the pair from the start of December, standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October […]
18/09/2024

USDJPY Experiences Renewed Decline as Market Adjusts Expectations

The USDJPY pair is currently stabilising around 141.44 on Wednesday, following a brief strengthening of the US dollar which impacted the yen negatively the previous day. Despite this, the overarching downward trend for the pair persists. Tuesday witnessed strong US retail sales data, bolstering the dollar’s strength temporarily and leading to a correction in the […]
21/12/2023

NZDUSD Climbs to Fresh 5-month High, Eyes 0.6300 Level

NZDUSD headed for eighth straight day of gains Bullish momentum continues to strengthen But is it at risk of a negative correction? NZDUSD reached a fresh five-month high of 0.6293 on Wednesday, as its bullish streak shows no sign of easing. The momentum indicators are looking dangerously overbought but a reversal may not be imminent […]