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Stock prices rose, and the dollar gained slightly as the Trump administration eased tensions that had recently unsettled financial markets. President Trump’s comments last night boosted sentiment and once again proved that his outbursts should at times be taken with a pinch of salt. Any concerns about Federal Reserve independence appear to have been put […]

The post President Trump, Bessent Temper Rhetoric Which Fuels Optimism, Risk Assets Rise appeared first on Action Forex.

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03/04/2025

ISM Services Index Tumbles in March as New Orders and Employment Slump

The ISM Services index fell 2.7 points to 50.8 in March, short of the 52.9 consensus was expecting. Ten of eighteen industries reported growth in March, down from fourteen in February. Business activity advanced, rising 1.5 points to 55.9. New orders fell to 50.4, extending its downward trajectory, and just above the 50 cut-off for […]
19/02/2024

EUR/USD Recovery Could Fade, Gold Eyes Fresh Increase

Key Highlights EUR/USD is attempting a recovery wave from the 1.0700 zone. A major bearish trend line is forming with resistance near 1.0810 on the 4-hour chart. Gold price is recovering higher from the $1,988 support zone. Bitcoin price is consolidating gains above the $50,500 support. EUR/USD Technical Analysis The Euro extended its decline below […]
25/01/2025

Gold Extends Gains on Trump’s Latest Comments, Nears Record High

Gold price accelerated higher on Friday, offsetting initial negative signal that was developing on daily chart, from Thursday’s Hanging man candlestick. Fresh gains (up 1% until early US session on Friday) came ticks ahead of gold’s record high ($2790, posted on Oct 31) and signaling that bulls remain firmly in play. The yellow metal is […]