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Another week starts with tariff threats. This time, everyone that applies tariffs to the US will be hit back with the same tariffs, and all aluminium and steel imports to the US – no matter from whom – will face a 25% tariff. Mood this Monday in Asia is pretty mixed – to say the […]

The post New Week, New Threats appeared first on Action Forex.

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03/06/2024

Euro Area Inflation Beat Expectations

In focus today Today in the US, we get the May ISM Manufacturing index at 16.00 CET. Its PMI-counterpart released earlier shifted modestly higher, but the leading new orders indices still pointed towards muted growth. In Sweden, we get the manufacturing PMI for May at 08.30 CET. It is set to continue higher from last […]
28/06/2024

Natural Gas Wave Analysis

Natural gas reversed from resistance zone Likely to fall to support level 2.6000 Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the price from the start this year, as can be seen below. The aforementioned resistance zone was further strengthened by the […]
31/10/2024

Could AUDUSD Selloff Pause Temporarily?

AUDUSD is trading sideways, a tad above 0.6547 The downtrend from the September 30 high remains in place Momentum indicators are mostly bearish AUDUSD is trading sideways today, a tad above 0.6547. The bearish trend from the September 30 peak remains firmly in place, and, quite interestingly, AUDUSD bulls have failed, up to now, to […]