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Asian markets started the week calmly, with investors waiting for updates on US trade talks and possible new stimulus measures from China before making big moves. A regional index gained 0.6%, while S&P 500 futures dropped 0.6%, hinting that the recent four-day rally in US markets might be slowing down. Gold fell by as much […]

The post Steady Start as Trade Talk Limbo Continues appeared first on Action Forex.

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09/07/2024

Euro Shrugs as Investor Confidence Tumbles

The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday. The index slid to -7.3 in July, after a 0.3 gain in June. Prior to the June reading, the index had declined continuously since March […]
31/07/2024

NZDUSD Wave Analysis

NZDUSD reversed from support level 0.5860 Likely to rise to resistance level 0.5920 NZDUSD currency pair recently reversed up from the pivotal support level 0.5860 (which reversed the price twice in April), standing close to the lower daily Bollinger Band. The upward reversal from the support level 0.5860 stopped the c-wave of the previous minor […]
17/07/2024

Platinum (PL) Looking to Extend Higher

Platinum (PL) is still looking to resume the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave chart for the metal. Platinum (PL) Monthly Elliott Wave Chart Monthly chart of Platinum above shows Grand Cycle […]