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Current situation The Dollar Index closed last week at 100.55, its lowest level since July 2023. It has not been consistently below this level since April 2022. Technical analysis Although the change of monetary regime in the US is of fundamental importance, the bulls may launch a counterattack in the short term. On a weekly […]

The post A Chance for Dollar to Bounce Back appeared first on Action Forex.

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Gold Continuing To Find Support Into The Pullbacks

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12/06/2024

After Macron’s Election Gamble, Is Political Risk a New Headwind for the Euro?

Snap elections in France spur panic in euro and French stock market Doubts about Germany’s coalition add to euro’s woes Is political instability about to become a persistent risk for the euro? Europe steers to the right Financial markets don’t usually pay so much attention to elections for the European Parliament, as national governments are […]
21/12/2023

EU Agrees on New Fiscal Rules

In focus today Not much on the data calendar before Christmas. In Sweden, markets will take a close look at NIER’s December survey. In particular retail trade and private services price plans will be scrutinized for further signs of moderation. Any widening cracks in confidence or hiring plans are also in focus. In Norway, unemployment […]
27/08/2024

Gold Continuing To Find Support Into The Pullbacks

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Gold. The rally from the 25 July 2024 low showed a higher high sequence & provided a short-term extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a […]