When OPEC+ last met in early June, the Committee decided that it would increase output from 632,000 bpd to 648,000 bpd, as member nations decided to take the expected increase for September and divide it over July and August. The question as to whether OPEC+ would increase production more than the 648,000 bpd it promised […]
The post OPEC Preview: Will OPEC+ Increase Output in August? appeared first on Action Forex.
Daily Pivots: (S1) 191.63; (P) 192.85; (R1) 193.67; More… GBP/JPY’s fall from 199.79 continues today and intraday bias stays on the downside. As noted before, corrective rise from 180.00 could have completed with three waves Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. EUR/JPY’s fall from 166.67 continues today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves Read more…
Kiwi rebounded broadly during Asian session, supported by a less dovish-than-expected rate cut from RBNZ. While the 50bps reduction to 4.25% had been widely anticipated, RBNZ’s updated forecasts, which suggest a slower pace of easing Read more…