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The US risks losing tariff revenues. The American labour market is cooling down. EURUSD may rise to 1.21. The pound rose but remains under pressure. The US dollar retreated against major world currencies after further evidence of labour market weakness and a decline in Donald Trump’s chances of winning in the Supreme Court to 20%, […]

The post Dollar Risks Losing Support from Tariff Revenues appeared first on Action Forex.

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From Bounce to Barrier: Oil Path to the Next Sell Zone

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18/12/2024

Gold Holds Steady as Investors Await Federal Reserve’s Rate Decision

Gold prices are hovering around 2,650 USD per troy ounce as investors remain cautious, conserving their energy for a potential move depending on the US Federal Reserve’s rate decision later tonight. The predominant market expectation is a 25-basis-point cut in interest rates, but there’s significant uncertainty about the Fed’s monetary policy trajectory for 2025, which […]
28/01/2025

US30: Historic High Retest

US30, Daily In the Daily timeframe, US30 rose again after a small correction and almost reached the ATH. The price is preparing to test the critical level and the broken global trend line. However, the CCI is ready to come out of overbought, and the price crossed the upper Bollinger line. A break of the […]
11/03/2025

GBPCAD Wave Analysis

GBPCAD: ⬆️ Buy GBPCAD rising inside minor impulse wave 3 Likely to reach resistance level 1.8800 GBPCAD currency pair continues to rise inside the minor impulse wave 3, which belongs to the sharp intermediate impulse wave (3) from last year. The price earlier broke through the key resistance level 1.8230 (a former multi-month high from […]