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Early, yet still uncertain rumours of de-escalating tariffs between the US and China sparked a cautious rebound in markets’ risk appetite. Sources story from the Wall Street Journal suggested that the White House was considering cutting the tariff rate to 50-65% from the current 145%. US Treasury Secretary Scott Bessent affirmed that the current tariffs against […]

The post Weekly Focus – Cautious Optimism appeared first on Action Forex.

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01/07/2024

Euro Rises Despite France’s Vote for the Right

The euro has started the week with strong gains. EUR/USD is trading at 1.0756 in the European session, up 0.41% on the day at the time of writing. The euro is at its highest level since June 14. Macron takes a drubbing in round one France went to the polls on Sunday, with voter turnout […]
28/02/2024

Gold Price and Crude Oil Price Eye More Upsides

Gold price started a decent increase above the $2,028 resistance level. Crude oil prices are gaining bullish momentum and might rise toward $80.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,015 zone against the US Dollar.  A key contracting triangle is forming with support near […]
02/09/2024

USDJPY in Bullish Mode in Very Short-Term

USDJPY rises above downtrend line MACD stands well above its trigger line 20- and 50-period SMAs post bullish cross USDJPY advanced considerably in the previous 4-hour session, surpassing the 146.50 barricade. Also, the 20- and 50-period simple moving averages (SMAs) posted a bullish crossover, and the technical oscillators are holding well above their mid-levels. The […]