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Bashar al-Assad’s regime fell over the weekend, Korean lawmakers prepare another impeachment attempt against their President who narrowly avoided removal after briefly imposing martial law last week, and France remains without a new presidential nominee. As such, the US Dollar is stronger on safety demand and crude Oil is better bid on renewed political uncertainty […]

The post A Big Week for Central Banks appeared first on Action Forex.

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Gold Consolidates While WTI Crude Oil Faces Continued Struggles

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19/06/2024

Elliott Wave Analysis on Copper (HG) Expects the Metal Turning Higher

Short Term Elliott Wave in Copper (HG) suggests the metal has ended wave (4) correction at 4.375. Wave (3) rally ended at 5.2 on 5.20.2024 which is all-time high price for Copper. Wave (4) pullback unfolded as a double three Elliott Wave structure. Down from wave (3), wave W ended at 4.7435 and wave X […]
23/01/2024

AUD/USD Faces Major Hurdle, Can It Recover?

Key Highlights AUD/USD declined below 0.6650 and tested the 0.6525 zone. A major bearish trend line is forming with resistance near 0.6610 on the 4-hour chart. EUR/USD is consolidating losses near the 1.0900 zone. Crude oil prices might start another increase above the $75.50 resistance. AUD/USD Technical Analysis The Aussie Dollar started a major decline […]
05/04/2024

Japanese Yen Jumpy Ahead of US Payrolls

The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 15141, up 0.04% All eyes on US nonfarm payrolls The markets are bracing for a sharp drop in US nonfarm payrolls for March. Job growth hit 353,000 in January but then fell to […]