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WTI oil price rose further on Thursday, extending gains above psychological $80 barrier and looking for the first daily close above this level since Nov 6. Near-term bullish sentiment improved after the latest International Energy Agency’s report showed an upward revision to demand growth forecasts and cut in 2024 supply forecast. The data brightened oil’s […]

The post WTI: Oil Prices Continue to Rise on Brighter Demand Outlook appeared first on Action Forex.

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25/01/2024

Cliff Notes: Labour Demand and Investment Under Pressure

Key insights from the week that was. In Australia, the latest NAB business survey delivered another sombre update on the state of the domestic economy at the turn of the year – the “December” survey was in the field January 3-15. In an environment characterised by high inflation, elevated interest rates and weak consumer spending, […]
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Forex and Cryptocurrency Forecast

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