Logo-color Logo-white

As April 2 approaches—the date when Trump’s international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue. Yesterday, the U.S. president stated that: → Tariffs on cars would be introduced “soon” (but not all possible tariffs would be imposed); → Some countries might receive exemptions; → Nations purchasing oil […]

The post Forex Traders Focus on Trump’s Tariff News appeared first on Action Forex.

previous

Navigating the US Dollar (DXY): Tariffs, Data, and Technicals

next

EUR/USD Outlook: Recovery Attempts Above Fibo Support/20DMA

Read More

12/09/2024

AUDUSD Remains Above 200-day SMA

AUDUSD battles with 50-day SMA Stochastics point north but RSI flattens AUDUSD had a bullish start on Thursday, with the price flirting with the 50-day simple moving average (SMA) at 0.6670. Momentum signals are neutral-to-bullish, with the RSI appearing to be heading south, while the stochastic oscillator has reversed higher after the bullish crossover within its %K […]
02/12/2024

Natural Gas Wave Analysis

Natural gas reversed from support zone Likely to rise to resistance level 3.550 Natural gas recently reversed up from the support zone located between the support level 3.150 (former multi-month high from May, June and October), 20-day moving average and the 50% Fibonacci correction of the upward impulse 1 from the start of November. The […]
07/09/2024

Markets Weekly Outlook – ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data […]