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The International Energy Agency (IEA) has once again raised its forecasts for global oil demand in 2024. While the agency’s forecast pointed to the prospect of an oil surplus in 2023, its analysts now believe that the world will experience a shortage of oil in the second half of 2024. Among the reasons for the […]

The post WTI Oil Price Reaches 4-month High appeared first on Action Forex.

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14/12/2023

US 500 Index Surges to Almost 2-Year High

US 500 index posts 5-day bullish rally Technical oscillators look overbought The US 500 index (cash) stormed higher after validating the previous high of 4,607. Although, the price jumped to its highest level since January 2022 at 4,728, extending the strong rebound off 4,100 that it has last October. Technically, the RSI climbed above the 70 level […]
28/06/2024

Market Analysis: GBP/USD Turns Red While USD/CAD Rallies

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20/01/2024

Week Ahead – ECB and BoJ Meetings in the Spotlight

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