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Trade war de-escalation. The Fed will continue to cut rates. Politics is holding back the euro. Verbal interventions are helping the yen. The de-escalation of the US-China trade conflict has shifted market attention to central bank monetary policy. Finance Minister Scott Bessent said that the negotiations had created a successful framework for the two countries’ […]

The post Euro’s Second Chance appeared first on Action Forex.

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07/08/2024

GBPUSD Drops Out of Bullish Channel

GBPUSD trims more gains after bearish channel breakout Technical signals remain negative; support at 1.2670 GBPUSD bears powered up on Tuesday with scope to fight the 200-day simple moving average (SMA) and the support trendline from the 2022 low at 1.2670, which triggered the April-July bull trend. Notably, the 50% Fibonacci retracement of this upleg […]
15/04/2025

Europe’s Opening Bell: Futures Point to Weakness in Europe, Gold Eyes Further Gains, GBP/USD Hits October 2024 Highs

European futures hint at a weak open, despite Asian stocks rising. President Trump’s potential adjustments to auto tariffs are causing market instability and investor nervousness. Gold prices remain high, with potential for further gains. The US Dollar Index shows signs of potential rebound, but uncertainty remains due to tariffs. Asian stocks rose on Tuesday, but […]
25/09/2024

Another Record for the US 500 Index

US 500 stock index hits another all-time high Technical signals mixed; more buying awaited above 5,750 The US 500 stock index restarted its positive trend on Tuesday, inching up to a record high of 5,736 after keeping its foot on the rising almost one-year-old constraining line at 5,674. Mixed technical signals are observed, with the […]