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In focus today In the euro area, the Sentix indicator will give us the first indication of the European investor confidence in December. Overnight, the Reserve Bank of Australia (RBA) will have a monetary policy meeting. We expect an unchanged rate decision, which is the clear base case by consensus as well. Markets price in […]

The post An Eventful Week Ahead appeared first on Action Forex.

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Gold Consolidates While WTI Crude Oil Faces Continued Struggles

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17/01/2024

Gold Moves Horizontally in Near Term

Will gold extend its negative wave below 2,013? Holds beneath SMAs and Ichimoku cloud Technical oscillators suggest bullish correction Gold prices have been posting a negative wave over the last two days in the 4-hour chart, holding beneath the Ichimoku cloud and the short-term moving average lines. The 2,013 level is significant for traders as […]
13/07/2024

The Week Ahead – ECB Spotlight as Fed Rate Speculations Drive Market Shifts

US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of higher rates on the economy. In the UK, inflation data is […]
06/08/2024

The Rise and Fall of Copper – Could You Have Caught the Top With These Forecasting Techniques?

Copper has been a hot commodity, literally. If we look at Copper’s price action history on the daily chart, there is a giant spike from the 3.60 to 5.25 area in just a few months. After that, Copper has crashed back down to just 4.10 today shown here. What forecasting techniques could we have used […]