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Summary We have written extensively about the deterioration in the trade relationship between the U.S. and China, and how tensions between the two nations have rewired global trade patterns. Following the implementation of Trump-era tariffs, the U.S.-China trade relationship reached an inflection point, and as of the end of 2023, China’s trade surplus with the […]

The post Is China Circumventing U.S. Tariffs? appeared first on Action Forex.

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19/07/2024

Market Analysis: Gold Price and Crude Oil Price Correct Recent Gains

Gold price started a downside correction from $2,485. Crude oil prices are also moving lower from the $82.20 resistance zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,485 zone before there was a pullback against the US Dollar. A key bearish trend line is forming with resistance […]
30/08/2024

Week Ahead – Investors Brace for NFP Amid Fed Rate Cut Speculation

Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on GDP numbers Bets for double Fed cut remain elevated Here comes another NFP week, with investors eagerly awaiting the results […]
27/03/2024

Nikkei (NKD_F) Looking to End Impulsive Rally

Short Term Elliott Wave view in Nikkei (NKD) suggests pullback to 38136 on 3.12.204 low ended wave 4. Index then turns higher in wave 5. The rally from 3.12.2024 low is in progress as a 5 waves impulse. Up from wave 4, wave ((i)) ended at 39055. Pullback in wave ((ii)) ended at 38155 as […]