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September is often seen as a cautious or “risk-off” month for traders, influenced by factors like economic uncertainty, updates from China, and concerns about the rate cuts in the US. This generally means that traders might prefer safer investments, although this can vary depending on the asset. Here are two of my favorite trade ideas […]

The post WTT: What To Trade in September appeared first on Action Forex.

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07/08/2024

Market Analysis: GBP/USD Dives While EUR/GBP Gains Strength

GBP/USD started a fresh decline from the 1.2860 resistance zone. EUR/GBP is rising and might climb above the 0.8620 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the 1.2800 support. There is a key bearish trend line forming with resistance near 1.2750 on the hourly chart […]
06/08/2024

Canada’s Trade Position Swings to a Surplus in June

Canada’s merchandise trade balance moved sharply into surplus territory in June after three months in deficit. June’s surplus registered at $638 million, with last month’s deficit being revised slightly lower to $1.6 billion. Merchandise exports increased by a hefty 5.5% in June, pulling the value of goods exported to the highest level since January 2023. […]
18/12/2023

Gold: A Further Deterioration in US 10-year Treasury Yield May Support a Bullish Tone

An increase in dovish expectations on a rapid pace of Fed funds rate cuts projected for 2024 indicates a potential impending recession. An uptick in recession risk may see a further deterioration in the US 10-year Treasury real yield which reduces the opportunity costs for holding Spot Gold (XAU/USD). Spot Gold (XAU/USD) has managed to […]