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Markets German Chancellor-to-be Merz vowed to do “whatever it takes” to fend off threats to freedom and peace in Europe. In a reference to ECB Draghi’s 2012 speech that turned the tide in the EMU debt crisis, Merz now pledges to go all-in fiscally. At a joint press conference between CDU/CSU and SPD leaders, Merz […]

The post Germany’s Change of Heart on Expansive Budgetary Politics Triggers More Spectacle on Financial Markets appeared first on Action Forex.

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EUR/USD Rallies While USD/CHF Dips Further

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19/04/2024

U.S. Economy’s Outperformance Carried on into the Start of the Year

The first estimate of U.S. Q1 gross domestic product next Thursday is expected to show another robust increase—extending a long stretch of outperformance in the U.S. economy versus advanced economy peers. We expect U.S. output to have grown by an annualized 2.3% from Q4 last year, powered by stronger consumer spending and a tick-up in […]
09/08/2024

EUR/GBP : 200DMA So Far Holds Pullback from New Multi-Week High

EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day. Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming on daily chart. However, completion of pattern requires violation of pivotal Fibo support at 0.8532 (38.2% of 0.8362/0.8624) […]
20/12/2023

Gold Price Eyes Breakout, Crude Oil Price Recovers

Gold price gained traction and climbed above the $2,030 resistance level. Crude oil price is recovering, and it could climb further higher toward the $78 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $1,975 zone against the US Dollar. A connecting bullish trend line is […]