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Oil opened this week down 4% after OPEC+ announced its intention to increase production by 411K bpd from June. The change represents the phasing out of voluntary restrictions by major producers, including Saudi Arabia and Russia, which previously totalled 2.2m bpd. The decision surprised the market, which had expected an increase of about 244K barrels. […]

The post Survival of the Fittest: OPEC+ Confirmed a Complete Reversal in Strategy appeared first on Action Forex.

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07/05/2024

Yen Rally Fizzles as US Dollar Climbs

The Japanese yen is sharply lower on Monday after stringing together a three-day rally.  USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday, setting another 34-year record before recovering. On Wednesday, the […]
10/04/2025

Equities Rally, Inflation in Focus

In focus today In the US, focus will be on the release of March CPI. The US is expected to report a slowdown in inflation, with consensus expecting headline inflation from 2.8% y/y to 2.5% y/y and core inflation consensus to drop marginally from 3.1% y/y to 3.0% y/y. The significant increase in tariffs has […]
11/04/2024

Markets Trim Fed Rate Cut Expectations Amid High US CPI

In focus today Today’s focus will be the ECB meeting where we expect no change in the policy rate. We anticipate that the primary insight from the meeting will be a confirmation of the current ECB narrative, thereby indicating that the ECB is on track to deliver a rate cut in June. While this meeting […]