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Although financial markets in both the US and the UK are closed for a public holiday today, Donald Trump is keeping traders on their toes. According to a fresh Reuters report, the US President has backed down from his threat to impose 50% tariffs on EU goods from 1 June, following a phone call from […]

The post EUR/USD Hits Key Resistance Level appeared first on Action Forex.

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22/05/2024

NZD/USD Overview Ahead of The Reserve Bank of New Zealand Official Cash Rate

Reserve Bank of New Zealand Consumer Price Index New Zealand Dollar traders eagerly anticipate the Reserve Bank of New Zealand’s Official Cash Rate (OCR), a critical event that can significantly impact the market. Over the past two years, inflation in New Zealand has mirrored global trends. The CPI Y/Y, encompassing all items, has dropped from […]
20/08/2024

Dollar on the Edge

The US dollar has fallen to its lowest levels of the year, losing more than 2.3% from its August peak and around 4% since early July as expectations of a Fed rate cut in September began to be priced in. The dollar index has retreated to 101.7, reflecting growing expectations of Fed easing. Although the […]
19/08/2024

Gold Surges to Fresh Record High

Gold posts new all-time high on Monday  But oscillators haven’t reached overbought conditions  The divergence suggests that the advance may extend further Gold has been on the rise in the past couple of sessions, storming above the 2,500 psychological mark to a fresh record high on Monday. The latest rally could extend further given that the momentum […]