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The past month has seen an abrupt turn in sentiment towards the US economy and the US dollar. Whereas a month ago, the market seemed convinced the US dollar would move higher from its already historically-elevated level of 108 on a DXY basis. Now debate surrounds whether the US dollar can even hold onto its […]

The post Global FX: A Sudden and Decisive Change in Sentiment appeared first on Action Forex.

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05/03/2025

Swiss Franc Hits New 2025 High as Inflation Continues to Fall

The Swiss franc has rallied for a third straight trading day. In the North American session, USD/CHF is trading at 0.8884, down 0.12% on the day. The Swiss franc has jumped 1.6% this week and earlier strengthened to 0.8856, its best level this year. Switzerland’s inflation falls to lowest in nearly four years Swiss inflation […]
07/12/2023

Gold Price Trims Gains, Can This Key Support Hold?

Key Highlights Gold prices rallied toward $2,150 before a downside correction. It broke a key bullish trend line with support near $2,035 on the 4-hour chart. Crude oil prices extended losses and traded below the $72.00 support. EUR/USD failed to stay above the key 1.0820 support. Gold Price Technical Analysis Gold rallied above the $2,000 […]
20/09/2024

Gold Wave Analysis

Gold reversed from support level 2550.00 Likely to rise to resistance level 2600.00 Gold continues to rise inside the minor impulse waves v and 3, which belong to the intermediate impulse wave (3) from the start of June. The price earlier reversed up from the support level 2550.00, which stopped the previous short-term correction yesterday. […]