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Gold extends strong recovery into second consecutive day and hit two week high on Tuesday, as fresh extension higher cracks Fibo 61.8% of $3500/$3201 pullback ($3286) and near psychological $3400 barrier. Fresh rise in safe haven demand on renewed concerns about trade conflict with China and worsening geopolitical situation, lifted metals’ price and signaling that […]

The post XAU/USD: Renewed Safe Haven Demand Lifts Gold Price Further appeared first on Action Forex.

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06/02/2024

USD Strengthens Following Strong Employment Data

The US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning. This movement is largely attributed to the recent release of robust employment sector reports in the US for January, which have shifted investor expectations regarding the Federal Reserve’s interest rate decisions. The […]
12/07/2024

Analysis of USD/JPY: Was There an Intervention?

Yesterday’s news of slowing inflation in the US sharply weakened the dollar, anticipating the Federal Reserve’s monetary easing. In the first 15 minutes after the data release: → EUR/USD rose by approximately 0.45% to the psychological level of 1.09; → GBP/USD increased by approximately 0.55%, reaching a 2024 high. Conversely, USD/JPY fell, with a more […]
09/04/2025

GBPCHF Wave Analysis

GBPCHF: ⬇️ Sell GBPCHF broke the support zone Likely to fall to support level 1.0785 GBPCHF currency pair recently fell sharply through the support zone between the support levels 1.1000 and 1.1100. The breakout of this support zone was preceded by the breakout of the daily up channel from September. The breakout of these support […]