The week begins with a sharp decline in oil prices – around 4% at the time of writing – as OPEC+ announced it would accelerate output restoration by 411K barrels per day, taking the total hike for April, May, and June to nearly 1mbpd, almost half of the 2.2mbpd cuts put in place since October […]
The post Oil Tumbles on OPEC+ Decision to Accelerate Output Restoration appeared first on Action Forex.
It looks like the U.S economy may have already received a very good piece of news to start the week. That was what the financial markets were saying late Sunday. The good news: Reports the Read more…
Bitcoin posted a strong rally last week, driven by a combination of improved global risk sentiment and sustained institutional demand through exchange-traded funds. A key driver has been BlackRock’s spot Bitcoin ETF, which extended its Read more…
Key Highlights EUR/USD started a downside correction and traded below 1.1320. A connecting bearish trend line is forming with resistance at 1.1330 on the 4-hour chart. GBP/USD is consolidating gains and facing hurdles near the Read more…