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EUR/USD moves higher as Trump delays 50% tariffs on EU goods. Short-Term bias is positive, but key resistance is nearby at 1.1420. EUR/USD started the week on a positive note after investors woke up to news that President Trump would delay the implementation of 50% tariffs on EU goods to July 9, from the previously […]

The post EUR/USD Rises as Trump Hits the Snooze Button Again appeared first on Action Forex.

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12/11/2024

Dow Jones Wave Analysis

Dow Jones rising inside impulse wave 5 Likely to reach resistance level 45000.00 Dow Jones index continues to rise inside the minor impulse wave 5, which previously broke the key resistance level 43500.00 and the resistance trendline of the daily up channel from August. The active impulse wave 5 belongs to the weekly upward impulse […]
05/03/2024

Euro Area and Nordic Countries to Gradually Move Out of Their Current Stagnation

In focus today This morning we published our Nordic Outlook with updated economic forecasts. We expect the euro area and the Nordic countries to gradually move out of their current stagnation or mild recession (in Denmark’s case, stagnation outside pharmaceuticals). The US economy is stronger than expected, while China continues to muddle through. Interest rates […]
07/11/2024

Bitcoin Price Soars To Record Levels Amid Trump’s Presidential Win

Key Highlights Bitcoin price started a fresh increase and traded to a new all-time high above $75,000. BTC surpassed a major bearish trend line with resistance at $69,200 on the 4-hour chart. Gold prices dipped sharply below the $2,720 support zone. EUR/USD took a U-turn and traded below the 1.0760 support after Trump’s win. Bitcoin […]