Logo-color Logo-white

Risk appetite is better this Monday morning than it was last Friday when the world was bracing for the Iranian retaliation on Israel. Iran fired more than 300 drones and missiles on Israel on Saturday night, but only a small number reached Israel, limiting damages. There were no fatalities, just an army base was slightly […]

The post Could Have Been Worse appeared first on Action Forex.

previous

GBPAUD Wave Analysis

next

Gold: Sharp Pullback from New All-Time High Warns that Bulls Might be Losing Traction

Read More

30/08/2024

USD/JPY Retains Support: Can It Stage a Recovery?

Key Highlights USD/JPY found support near 143.50 and corrected some losses. It cleared a key bearish trend line with resistance at 144.85 on the 4-hour chart. EUR/USD started a downside correction below the 1.1150 level. Gold remained stable near $2,500 and might aim for more upsides. USD/JPY Technical Analysis The US Dollar remained well-bid near […]
05/12/2023

RBA Gives Itself Time to Assess

As we expected, the RBA Board kept rates on hold following its December meeting. Information received since the previous meeting in early November was considered ‘broadly in line’ with their expectations. The Governor’s decision statement emphasised that inflation continues to moderate, driven by the goods sector. Ahead of its meeting in February 2024, the Board […]
05/01/2024

USDCHF Sustains Weekly Gains Ahead of Jobs Data

USDCHF’s rebound is not convincing yet  A continuation above 20-SMA could boost sentiment US nonfarm payrolls report due at 13:30 GMT USDCHF is set to close the first week of the year within the positive area, having secured a strong foothold around the support-turned-resistance trendline from March 2023 at 0.8400 following the flash drop to an almost […]