Oil prices tumble again today on news that Saudi Arabia is eyeing OPEC+ production increase, partially reversing the group’s decision to cut supplies last month. WSJ reports that OPEC is now in discussion of an increase of up to 500k barrels a day, for December 4 meeting. The move would come just a day before […]
The post WTI oil to break through 76.6 support as Saudi Arabia considers production increase appeared first on Action Forex.
Daily Pivots: (S1) 0.7180; (P) 0.7204; (R1) 0.7225; More… Intraday bias in AUD/USD is turned neutral first with current extended retreat. Further rise will remain in favor as long as 0.7101 support holds. On the Read more…
Dollar is rising as risk aversion creeps back into global markets as the US–Iran ceasefire comes under increasing strain. Developments over the past 48 hours suggest the fragile truce is under mounting pressure, raising the Read more…
The RBA has made one thing clear: it is not done yet. By lifting the cash rate to 4.35%, with the decision backed by an 8–1 majority, and signaling a path toward 4.7% by the Read more…