WTI Oil price rose further in early Thursday’s trading, in extension of 3.5% rally on Wednesday, the biggest daily gain since Nov 17. Worsening fundamentals on closure of one of the largest oil fields in Libya and increased tensions around Israel-Palestine war, inflated oil price. Stronger than expected fall in US crude inventories (API report, […]
The post WTI Oil: Crude Oil Price Rises Further on Growing Supply Concerns appeared first on Action Forex.
The RBNZ cut the OCR by 50bps to 4.25% at its final policy meeting for this year. The RBNZ’s OCR forecast profile was revised down as expected and now shows the OCR at 3.55% at Read more…
AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…