Logo-color Logo-white

Markets Stock markets in Europe and the US soared to new record highs. Investors are banking on the US and China nearing a trade agreement, or at least an extension to the truce, after constructive talks last weekend. US president Trump and his Chinese counterpart Xi are expected to seal the deal during their in-person […]

The post Little Overnight News to Sustain Risk Rally appeared first on Action Forex.

previous

Bitcoin Jumps, Breakout Above Resistance Reinforces Bullish Momentum

next

USD/JPY Declines Amid Trump’s Visit to Japan

Read More

04/04/2024

Euro, Sterling Bears Bulldozed by Fed Doves

Federal Reserve (Fed) Chair Jerome Powell reiterated yesterday that the Fed is not in a rush to cut rates but that it will cut sometime this year and that the recent jump in inflation didn’t ‘materially’ change their policy outlook. The latter was enough to send the market higher with joy. On the data front […]
08/08/2024

USDCAD Wave Analysis

USDCAD reversed from long-term resistance level 0.8430 Likely to fall to support level 1.3700 USDCAD currency pair recently reversed down from the resistance zone located between the long-term resistance level 0.8430 (which stopped the weekly uptrend at the end of 2023) and the upper weekly Bollinger Band. The downward reversal from the resistance zone created […]
12/12/2023

GBP/USD Consolidates, US CPI and UK Employment Reports Next

Key Highlights GBP/USD started a downside correction from the 1.2732 zone. It traded below a key bullish trend line with support at 1.2640 on the 4-hour chart. The UK Claimant count could change by 20.3K in Nov 2023, up from 17.8K. The US CPI could decline further to 3.1% in Nov 2023 (YoY) from 3.2%. […]