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Oil price extends steep decline into the second consecutive day and hit two week low in early Tuesday, after the price fell nearly 4% on Monday. Oil was deflated by weaker demand outlook and signals that Israel will not strike Iranian oil infrastructure. OPEC cut its forecast for global oil demand in 2024, which increased […]

The post WTI Outlook: Oil Prices Fall Further on Demand Concerns, But Geopolitics Remain Supportive appeared first on Action Forex.

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14/12/2023

December FOMC: Dipping Dots – The Monetary Policy of the Future

Summary The doves won the day at the last FOMC meeting of 2023. The Federal Reserve left its policy rate unchanged at its December 12-13 meeting, a move that was widely anticipated. More important were the changes to the post-meeting statement and the latest Summary of Economic Projections (SEP). The new statement noted that inflation […]
23/12/2024

XAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025

With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025. The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% […]
05/03/2024

Hang Seng Index Technical: Countertrend Rebound Phase May Have Ended

Lacklustre movement was seen in China & Hong Kong benchmark stock indices today after the release of China Premier Li Qiang’s economic work report during the second day of the “Two Sessions”. Premier Li Qiang has officially announced China’s 2024 GDP growth target of around 5% (within consensus) and stuck to the same rhetoric of […]