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Markets Barnier turned out to be France’s shortest-serving prime minister since the establishment of the Fifth Republic in 1958. After only 90 days in his tenure – still double UK Truss’ term – parliament yesterday passed a motion of no confidence. President Macron’s search for a new PM rebegins. But any new administration faces the […]

The post Barnier Turned Out to be France’s Shortest-Serving Prime Minister appeared first on Action Forex.

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GBPUSD Shows Signs of Positive Momentum

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25/09/2024

Gold (XAU/USD) Prices Underpinned by Geopolitics, China Stimulus and ETF Flows, $2650 Up Next

Gold prices advance, underpinned by ETF Flows, China stimulus and safe haven flows, Gold ETF flows have been positive, and if this trend continues, it could further support the upward momentum of gold prices. From a technical analysis perspective, gold is in overbought territory, but this may not be a significant obstacle. The psychological $2,650 […]
09/01/2024

EUR/GBP Technical: Short-Term Relative Weakness of EUR Reasserts Against GBP

Persistent underperformance of the EUR against GBP as the EUR/GBP cross pair reintegrated below the 200-day moving average. The hourly RSI momentum indicator of EUR/GBP has flashed out a bearish momentum condition. Watch the 0.8615 key short-term resistance with intermediate supports coming in at 0.8550 and 0.8500. In the long term, the EUR/GBP cross pair […]
20/12/2024

Elliott Wave View: EURUSD Short Term Remains Bearish

Short Term Elliott Wave view in EURUSD suggests the decline from 9.25.2024 high is in progress as an impulse. Down from 9.25.2024 high, wave 1 ended at 1.076 and wave 2 rally ended at 1.0936. Pair then resumed lower in wave 3 towards 1.033. Corrective rally in wave ended at 1.063 as the 1 hour […]