Logo-color Logo-white

WTI oil price dips further in early Thursday, in extension of previous day’s 3% drop (the second biggest daily loss in 2024) and hit new three-week low. Stronger than expected rise in US crude inventories (EIA report) further raised concerns about oil demand, while fears about escalation of the conflict in the Middle East faded, […]

The post WTI: Oil Prices Fall Further on Rising Demand Concerns appeared first on Action Forex.

previous

Enough Fed Rate Cut Delay is Discounted

next

BTCUSD Drops to 6-Week Low as Halving Looms

Read More

02/04/2024

Oil Clears Way for Growth Above $90

Oil prices have been hitting five-month highs, and every trading session has been rising since 27 March. The price of a barrel of WTI reached $84.6 at the start of the day on Tuesday before retreating slightly by midday in Europe. To some extent, oil is managing to copy gold, which has also seen a […]
23/10/2024

Yen Slides as IMF Cuts Japan’s Growth Estimate

The Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged 6.3% in October. IMF slashes Japan’s growth forecast The International Monetary Fund slashed its 2024 growth forecast for Japan to […]
28/03/2024

XAUUSD: In Supply Zone. How Far to Consider the Next Retracement?

Bearish scenario: Sell below 2200 / 2194 with TP1: 2190, TP2: 2180, and TP3: 2172 with S.L. above 2204 or at least 1% of account capital*. Nearest bullish scenario: Buy above 2197 with TP: 2200 and TP2: 2203, with S.L. below 2195 or at least 1% of account capital*. Apply trailing stop. Bullish scenario after […]