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According to the XNG/USD chart, natural gas prices have risen by approximately 13% since early November and this week hit a new 2024 high. Factors Driving Bullish Sentiment (as reported by Reuters): → A sharp increase in global gas prices. → Forecasts of colder weather and higher heating demand in the United States. Will Natural […]

The post Natural Gas Prices Reach Yearly Highs appeared first on Action Forex.

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02/07/2024

RBA Minutes: Gaps Are Narrowing, And So Is The Path

The RBA’s strategy relies on assessing gaps between supply and demand. There are uncertainties involved in this approach, but so far, the inflation outlook hasn’t changed enough to spur a rate increase. The minutes for the RBA Board’s June 2024 meeting highlighted that levels matter in the RBA’s view of the economy, as well as […]
16/04/2024

Mixed Signals Indicate China Still Muddling Through

In focus today We continue to follow the developments in the Middle East after Iran’s strike on Israel in the weekend. It will be key to watch for signals on the extent of an Israeli retaliation. So far, Israel has said it will “exact a price” from Iran, while the US, France, and the UK […]
27/04/2024

The Weekly Bottom Line: Canada – Rate Cuts on the Horizon

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