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The EUR/USD pair climbed higher, settling near 1.1688 by Tuesday, as investors adopted a cautious stance ahead of key trade negotiation updates. The looming 1 August deadline –set by the US for new trade agreements – has kept markets on edge. US Treasury Secretary Scott Bessent remarked on Monday that the quality of trade deals […]

The post EUR/USD Rises as Investors Remain Cautious Amid Mounting Risks appeared first on Action Forex.

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Gold’s (XAU/USD) Price Forecast: Will Gold Gain Acceptance Above the $3400/oz Handle?

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07/04/2024

Forex and Cryptocurrency Forecast

EUR/USD: The Dollar Weakness Puzzle What transpired with the EUR/USD pair last week? It behaved as expected on Monday, 01 April. However, starting from Tuesday, the situation deviated. Let’s delve into the details. On the first day of April, data on business activity in the US industrial sector from the ISM for March showed the […]
17/07/2024

Gold Shines at Fresh All-Time High

Gold ends sideways trajectory; enters uncharted territory Short-term bias positive but overbought signals suggest some caution A close above 2,480 might be necessary to boost buying confidence Gold bulls powered ahead to finally exit the three-month range and chart an all-time high of 2,482 on Wednesday. The bullish breakout has placed the precious metal back into an […]
15/01/2024

Bitcoin Tests the Strength of an Uptrend

Market picture Last week saw the launch of 11 spot bitcoin ETFs in the US. On Thursday, the first day of trading, the total volume traded in these ETFs was $4.6 billion, and the price of bitcoin reached a multi-month high near $49000. The “sell the facts” pattern was already evident on Friday and continued […]