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Gold returned to growth after nearly three weeks of decline, reversing last week’s drop. The desire for a safe haven for global capital is so strong that it far outweighs the effect of a stronger dollar. The growing tension around the Russia-Ukraine conflict has brought gold back into the focus of investors due to pressure […]

The post Gold Hits New Highs in Euro appeared first on Action Forex.

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29/02/2024

Focus Turns to Inflation

In focus today In the US, January Personal Consumption Expenditures (PCE) data is due for release this afternoon. Consensus foresees Core PCE, which is the Fed’s preferred measure for underlying inflation, at 0.4% m/m SA, in line with a similar increase in the CPI released earlier. We will also keep an eye out for real […]
14/05/2024

USDX Elliott Wave: Forecasting the Decline from Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended the cycle from the December’s 2023 low. The index has recently given us bounce in a 3-wave pattern, when […]
30/04/2024

Crude Oil Price Could Restart Increase Above This Resistance

Key Highlights Crude oil bulls are aiming for a fresh increase above the $85.00 level. The price broke a key bearish trend line with resistance at $83.50 on the 4-hour chart. Gold prices are consolidating below the $2,350 resistance. Bitcoin prices are recovering higher above the $63,500 resistance zone. Crude Oil Price Technical Analysis After […]