Logo-color Logo-white

In focus today In the euro area, the EU commission will reveal against which countries it recommends opening an excessive deficit procedure (EDF) due to breaches of the EU fiscal rules. The Commission will most likely recommend opening an EDP against France, which is to be expected due to France’s public finances. In the UK, […]

The post Investors’ Focus Will be on Europe appeared first on Action Forex.

previous

Elliott Wave Analysis on Copper (HG) Expects the Metal Turning Higher

next

USDJPY Reapproaches Multi-Year Highs

Read More

25/06/2024

Gold Reverses Back Below 50-day SMA

Gold retreats after unsuccessful break above 50-day SMA The price extends its structure of lower highs Momentum indicators turn bearish Gold had been in a steady recovery from its recent one-month low, which led to the price closing above its 50-day simple moving average (SMA) last Thursday. Despite the violation of that crucial hurdle, bullion reversed back […]
13/09/2024

AUDCAD Wave Analysis

AUDCAD reversed from support zone Likely to rise to the resistance level 0.9150 AUDCAD recently reversed up from the support area between the support level 0.9020 (which reversed the price at the start of August) and the lower daily Bollinger Band. The upward reversal from the support level 0.9020 stopped the C-wave of the previous […]
05/04/2024

EURUSD Trims Earlier Gains as Clock Ticks Down to NFP

EURUSD pulls back from two-week high Technical bias is not bearish yet EURUSD gave up some ground on Thursday after a sharp rally from a one-and-a-half-month low of 1.0723 to a two-week high of 1.0875. The US nonfarm payrolls report is on the agenda today and investors will look at whether jobs growth slowed down to 212k and wage […]