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Markets European markets have to find out the direction of travel on their own as the US (Memorial Day) and UK markets (Spring Bank Holiday) enjoy a long weekend. In addition, there were no data with market moving potential scheduled for release. European investors were ‘happy’ as president Trump during the weekend made another U-turn […]

The post Sunset Market Commentary appeared first on Action Forex.

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19/04/2024

XAU/USD: Gold Spikes Above $2,400 Again as Deteriorating Geopolitical Situation Boosts Demand

Gold probed above $2400 level for the second time, inflated by increased safe-haven demand following Israel’s attack on Iran early Friday. Although the spike above $2400 (the metal’s price reached $2417) was so far short-lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand. Technical […]
03/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits a bullish overall momentum, suggesting a strengthening of the US Dollar. Price could potentially experience a bullish bounce off the 1st support level and move towards the 1st resistance level. The 1st support at 101.77 is identified as a pullback support. This level is significant because […]
20/02/2024

AUD: Trade Ideas

Last Tuesday, the Australian dollar experienced its steepest drop of the year, falling by 1.18%, following higher-than-expected US inflation figures, which boosted the US dollar. However, the Aussie has since rebounded and is now trading at a two-week high against the US dollar. Investors are eagerly awaiting the release of the Reserve Bank of Australia’s […]