WTI price rises further in European session on Thursday, in extension of 4% rally on Wednesday (the biggest one-day gain since Nov). Improved sentiment on growing optimism about global demand following China’s economy reopening after the end of Covid restrictions, combined by expectations for a softer landing for the US economy, boosts oil prices. All […]
The post WTI Oil: Oil Prices Rise Further on Brightening Outlook appeared first on Action Forex.
New Zealand’s economy expanded by just 0.2% qoq in Q4, missing expectations of 0.4% qoq and slowing sharply from Q3’s 0.9% qoq pace. On an annual basis, GDP rose 0.2% yoy, marking the first year-on-year Read more…
Key Highlights GBP/USD extended losses and traded below 1.3300. A key bearish trend line is forming with resistance at 1.3380 on the 4-hour chart. EUR/USD seems to be facing resistance near 1.1550 and 1.1565. Gold Read more…
New Zealand’s GDP rose by 0.2% in the December quarter. While less than forecast, the figures support the story that the economy was regaining some momentum before the latest oil shock hit. Key results Quarterly Read more…