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The ISM Manufacturing Index slipped back into contractionary territory in April, dipping to 49.2, from 50.3 in March. Even so, 9 of 16 industries reported growth in April – the same as in March. Demand softness was reflected by the new orders and new export orders sub-indices both flipping back into contraction, after pointing to […]

The post US: Manufacturing Slips Back into Contraction in April, But Price Pressures Pick Up appeared first on Action Forex.

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Gold Price Could Restart Increase Above This Resistance

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06/09/2024

Gold Wave Analysis

Gold reversed from support level 2475.00 Likely to rise to resistance level 2535.00 Gold recently reversed up from the support level 2475.00 (former monthly high from July, which has been reversing the price from August) standing near the 38.2% Fibonacci correction of the upward impulse C from the start of August. The upward reversal from […]
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FTSE 100 index Wave Analysis

FTSE 100 index reversed from key support level 8130.00 Likely to rise to resistance level 8300.00, FTSE 100 index recently reversed up from the key support level 8130.00 (which has been steadily reversing the price from the end of April) – strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the […]
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GBP/USD and USD/CAD Daily Chart Outlook

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