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Key Highlights EUR/USD is holding gains above the 1.0980 level. A key bullish trend line is forming with support near 1.0980 on the 4-hour chart. GBP/USD is also consolidating gains near the 1.2700 level. Gold prices are accelerating higher toward the $2,080 level. EUR/USD Technical Analysis The Euro remained well-bid above the 1.0840 level against […]

The post EUR/USD Eyes More Upsides Amid The Holiday Season appeared first on Action Forex.

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15/01/2024

Dollar Index: Firmer Tone Keeps in Play Hopes for Test of Near-Term Range Top

The dollar index keeps positive tone in holiday-thinned Monday’s trading and attempting again through pivotal Fibo barrier at 102.27 (50% retracement of 104.27/100.29 bear-leg), where the action failed several times recently. Sustained break here to improve near-term picture and shift focus to the upside for potential attack at key barriers at 102.74/84 (recent range top […]
13/05/2024

NZ First Impressions: RBNZ Survey of Expectations, Q2 2024

Inflation expectations have continued to fall. That will help to quell the RBNZ concerns about the longer-term inflation outlook. Inflation expectations One year ahead:  2.73% (Prev: 3.22%, down 49 points) Two years ahead:  2.33% (Prev: 2.50%, down 17 points) Five years ahead:  2.25% (Prev: 2.25%, unchanged) Ten years ahead:  2.19% (Prev: 2.16%%, up 3 points) […]
17/06/2024

Gold Price Outlook: Bears Take Early Control as US Dollar Index (DXY) Rises

Gold surrendered Friday’s gains as a retest of $2300 gains momentum. US dollar index (DXY) rises but faces stern resistance at 105.63. Geopolitics remains on the back burner for now, but risks remain. Fundamental Overview and Week Ahead Gold prices began the week on the backfoot, with a slight gap to the downside at the […]