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Dollar The dollar index corrected after four consecutive weeks of gains. This is typical when national currencies and bond markets come under pressure ahead of important elections. The U.S. is facing this right now, although the dollar is often seen as a safe haven in times of market turmoil. In this case, gold and cryptocurrencies […]

The post Gold & Dollar: Safe-Haven Retreats appeared first on Action Forex.

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27/03/2024

NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels

On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by: → Weak yen supporting exporters. It increases the value of profits earned abroad for a large number of companies that sell their products abroad and then convert the profits into yen. […]
27/09/2024

GBPJPY Has an Unstoppable Rally to 2-Month High

GBPJPY surpasses 50- and 200-day SMAs Stochastic and RSI tick up in overbought regions GBPJPY has created an aggressive bullish rally to a fresh two-month high of  195.95 over the last ten days following the strong rebound off the 183.70 support level. The market successfully surpassed the 200-day simple moving average (SMA) and the 195.00 […]
28/12/2023

AUD/USD Eyes Chinese PMIs

China releases PMIs on Saturday The Australian dollar has edged lower on Thursday. In the European session, AUD/USD is trading at 0.6833, down 0.21%. Earlier today, the Aussie climbed as high as 0.6871, its highest level since July. Risk appetite rise boosts Aussie The US dollar has hit rough times and the Australian dollar has […]