Logo-color Logo-white

EURUSD remains range-bound; struggles to close above 1.1415. Technical signals have weakened, but some optimism persists. EURUSD opened the week with moderate gains, as bullish momentum lacked sufficient follow-through to push the price above the upper boundary of the bullish channel near 1.1415. With the RSI turning lower after peaking in overbought territory and the […]

The post EUR/USD Turns Neutral as a Flood of Data Awaits appeared first on Action Forex.

previous

AUD/USD Consolidates Gains While NZD/USD Dips

next

GBP/USD Hits New High: The Pound Defies Market Pressures

Read More

19/11/2024

Natural Gas Prices Reach Yearly Highs

According to the XNG/USD chart, natural gas prices have risen by approximately 13% since early November and this week hit a new 2024 high. Factors Driving Bullish Sentiment (as reported by Reuters): → A sharp increase in global gas prices. → Forecasts of colder weather and higher heating demand in the United States. Will Natural […]
02/10/2024

Brent Crude Oil Prices Rise Amid Geopolitical Tensions

Brent crude oil prices climbed to 74.55 USD per barrel by Wednesday, marking a significant increase driven by escalating geopolitical tensions in the Middle East. The previous session saw prices surge by over 2% as fears grew over potential crude oil shortages due to the intensifying conflict in the region, particularly with Iran’s heightened involvement. […]
15/04/2025

Gold Prices Remain Elevated Amid Concerns Over Trump’s Tariffs

On Tuesday, the price of gold climbed to 3,220 USD per troy ounce as market uncertainty surrounding US President Donald Trump’s tariff policies continued to support demand for safe-haven assets. Key factors driving gold’s movement The precious metal’s stability is closely tied to lingering uncertainty over Trump’s tariffs. After temporarily exempting technology products from reciprocal […]