OPEC forecasts that 2024 will see overall demand increase by 2.2 million barrels per day, with a 1.8-million-barrel increase in 2025.

In February, Saxo Bank reported a monthly Forex trading volume of $92.4 billion, down from $106.7 billion in January and a huge decline from $134.8 billion in December 2023.

Scams on messaging services like Telegram and WhatsApp are a growing threat, as clone brokers and fake signal providers proliferate. 

Any moves above the 1.0860 level could see the 1.0900 psychological level come into focus, and beyond that, traders will be eyeing the 1.0950 level.

Optimism abounds and concerns over scandal and fraud are fading, but traders need to be aware that cryptocurrencies are extremely volatile and almost completely reliant on trader sentiment for price changes.