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Geopolitics: First shots have been fired in trade war: While it took more than a year before the trade war starting in the first term of US President Donald Trump’s, it only took 10 days this time. A 10% tariff rate was put on China related to Fentanyl coming to the US via Mexico. China […]

The post Xi-Trump Call Cancelled, 10% Tariff Just ‘Opening Salvo’, Chinese Stocks Rallying appeared first on Action Forex.

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Markets Weekly Outlook – Inflation Fears Rise with Tariffs Ahead of US CPI Release

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23/04/2024

UK 100 Index Hits New All-Time Highs But Rally May Be Cooling

UK 100 index reaches 8,000 milestone But further gains may have to wait as uptrend starts to lose steam The UK 100 stock index (cash) closed at a new all-time high of 8,046.44 on Monday and climbed to an intra-day record of 8,077.25 earlier today. But whilst another record close is possible in the near […]
22/12/2023

EURCHF Wave Analysis

EURCHF reversed from key support level 0.9410 Likely to rise to resistance level 0.9500 EURCHF currency pair recently reversed up from the key support level 0.9410 (which has been reversing the price from the middle of October). The support level 0.9410 was strengthened by the intersecting lower daily Bollinger Band. Given the oversold daily Stochastic, […]
02/04/2024

Pound Stabilizes as Shop Inflation Drops

The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as 1.2539, its lowest level since February 14. UK shop inflation eases to 1.3% Inflation in UK stores fell to 1.3% […]