Logo-color Logo-white

In focus today In the US, the University of Michigan’s preliminary consumer sentiment survey for April is set for release. The March edition revealed a significant decline in consumer sentiment, alongside soaring inflation expectations. Markets anticipate the index to decrease further from 57.0 to 55.0. We will also look out for the release of March […]

The post US Consumer Sentiment in Focus appeared first on Action Forex.

previous

Gold Touches All-Time High. Overbought or Poised for More Upside?

next

EUR/USD Hits Highest Level in Over Three Years

Read More

10/03/2025

USDCHF Wave Analysis

USDCHF: ⬇️ Sell USDCHF broke the support zone Likely to fall to support level 0.8750 USDCHF currency pair recently broke the support zone between the support level 0.8900 (which has been reversing the price from December), the support trendline of the daily down channel from January and the 61.8% Fibonacci correction of the upward impulse […]
23/09/2024

Gold Reaches New Record as Investors Eye Further Rate Cuts

Gold prices soared to a new all-time high, with the troy ounce surpassing 2614 USD. This surge is primarily driven by expectations of additional interest rate cuts and ongoing geopolitical tensions, which enhance gold’s appeal as a safe-haven asset. Following the US Federal Reserve’s decision last week to reduce its interest rate by 50 basis […]
12/12/2024

Gold Price Hits Monthly High

The XAU/USD chart shows: → A notable peak in November near the $2716 level (indicated by the first arrow); → Yesterday, gold surpassed this peak, reaching a new one-month high. Factors Supporting Bullish Sentiment → Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a Federal Reserve interest rate cut […]