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The US is planning to impose tit-for-tat tariffs globally, but studying tariffs case by case requires time and the tariffs won’t be effective until April. I don’t know if you could call it good news, but the markets’ reaction suggests that the latter has been perceived as good news and helped keeping appetite afloat yesterday. […]

The post Anxious Optimism appeared first on Action Forex.

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EUR/USD Significantly Rises as Risks Diminish

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26/04/2024

Can Chinese PMIs Solidify the Economy’s Recovery Prospects?

Important Chinese PMI surveys on Tuesday, ahead of the Fed meeting Improvement across the board could be on the cards after positive GDP print Aussie could benefit against the US dollar Data to be released on Tuesday at 01.30 and 01.45 GMT respectively A Fed-dominated week The market’s focus next week will be firmly on Wednesday’s Fed […]
31/05/2024

New Zealand Dollar Gains for Second Day Against US Dollar

The New Zealand dollar continues its ascent for the second consecutive session against the US dollar, resulting in the NZD/USD pair climbing to 0.6125. This increase is attributed to recent US economic data indicating slower-than-expected growth in Q1, suggesting the possibility of an interest rate cut by the end of the year. The market is […]
20/05/2024

Gold Unlocks Another Record High

Gold advances above sideways channel 20- and 50-day SMAs tick up MACD and RSI suggest more upside pressure Next target at 261.8% Fibo extension of 2,515 Gold prices skyrocketed to another fresh high of 2,450 earlier in the day, currently holding above the previous peak of 2,431.48. This movement may be a sign of further […]