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Market movers today In the euro area, today’s main focus will be on preliminary inflation data from Germany and Spain. The November figures will give markets the first sense of what to expect from the euro area HICP which is due for release tomorrow. In Sweden, October retail sales and NIER consumer confidence will be […]

The post Focus on German and Spanish inflation appeared first on Action Forex.

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19/06/2024

Gold Flirts With Upper Bollinger Band

Gold consolidates within ascending channel 20- and 50-period SMA post bullish cross MACD and RSI head higher Gold prices have been developing within an upward sloping channel in the short-term view with strong resistance at 2,336 and the 200-period simple moving average (SMA) at 2,345. The mid-level of the Bollinger band (20-period SMA) and the […]
25/06/2024

Dollar Index: Bullish Bias Above Daily Cloud, US Inflation Data in Focus

The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday. Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact. Technical picture on daily chart remains bullish, as MA’s are in bullish setup, positive momentum is strong and price action underpinned […]
26/07/2024

Events, My Dear Readers, Events

It helps to have a framework for thinking through the different events that might come along and surprise us. Some things are just lumps and bumps along the way, while others are genuinely forks in the path ahead. The past few weeks have been big ones for news. An assassination attempt, a Presidential withdrawal and […]