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This week could be very interesting, especially after last week’s volatility in the currency markets. The US dollar saw strong gains following speculation and comments from the Fed indicating they are not in a hurry to cut rates. On Friday, the Non-Farm Payrolls report came in very strong, adding to the reasons why the Fed […]

The post Dollar in Recovery Mode, Ahead of US CPI Data appeared first on Action Forex.

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Silver (XAGUSD) Buying the Dips at the Blue Box Area

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12/08/2024

XAU/USD Outlook: Bulls Hold Grip Ahead of Key US Inflation Data

Gold remains at the front foot and edges higher in early Monday, extending recovery into third straight day. The yellow metal regained ground after last week’s sharp fall, boosted by growing signals that the Fed may opt for 50 basis points rate hike in September. Weak US economic data warn of worse than expected scenario, […]
22/12/2023

EURCHF Wave Analysis

EURCHF reversed from key support level 0.9410 Likely to rise to resistance level 0.9500 EURCHF currency pair recently reversed up from the key support level 0.9410 (which has been reversing the price from the middle of October). The support level 0.9410 was strengthened by the intersecting lower daily Bollinger Band. Given the oversold daily Stochastic, […]
08/07/2024

News of the Week (July 8—12): NZDUSD Detailed Analysis!

The NZDUSD pair, often called the “Kiwi,” refers to the exchange rate between the New Zealand dollar and the US dollar and is an important indicator for understanding the economic relationship between New Zealand and the United States. The New Zealand dollar is strongly influenced by fluctuations in commodity exports, especially dairy products, which are […]