Logo-color Logo-white

The EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be improving. These factors contribute to a heightened risk appetite, leading to a retreat in the USD. As the Federal Reserve approaches […]

The post EUR/USD Experiences Sharp Decline: Risk Appetite Heightens appeared first on Action Forex.

previous

ECB Not Confident that September Will Bring the Second Rate Ccut

next

USD/JPY Outlook: Bear-Trap Underpins But Recovery Still Faces Headwinds

Read More

29/03/2024

Strong Growth is Good News If Inflation Remains Low

The US printed a better-than-expected growth of 3.4%. Sales grew more than expected, the GDP price index fell but fell slower than expected to 1.7%, corporate profits jumped nearly 4% in the Q3 versus less than 1% printed a quarter earlier and consumer sentiment jumped to the highest levels since mid-2021. In other words, the […]
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 […]
30/04/2024

GBPUSD Battles With 200-Day SMA

GBPUSD rebounds strongly from a 5-month bottom But meets strong resistance at 200-day SMA Momentum indicators improve but remain neutral-to-negative GBPUSD experienced a vast decline after posting a fresh 2024 high of 1.2892, generating a clear structure of lower highs and lower lows. Although the pair has been attempting a recovery in the past few sessions following […]