Logo-color Logo-white

Silver (XAGUSD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in […]

The post Elliott Wave Expects Silver (XAGUSD) to Continue Bullish move appeared first on Action Forex.

previous

China’s Stimulus Boosts Yuan and Shares

next

Gold Surges to New Peak: Is $2,750 The Next Milestone?

Read More

21/07/2024

Forex and Cryptocurrency Forecast

EUR/USD: FOMC – Are Surprises Expected on 31 July? This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and the morning of the 19th, system administrators and users encountered non-functional servers and PCs running Windows. These systems began displaying […]
28/10/2024

EUR/USD Edges Higher, German Consumer Confidence Next

The euro has started the new trading week with slight gains. In the North American session, EUR/USD is trading at 1.0817 at the time of writing, up 0.22% on the day. The euro has reeled off four consecutive losing weeks, declining 2.6% during that period. There are no economic releases out of the eurozone or […]
07/05/2024

We Now Expect Two Rate Cuts from Fed This Year

In focus today Today is a quiet day on the data front. In the euro area, focus is on March retail sales and German factory orders. Consumers are still cautious with spending amid low unemployment and rising real incomes so we expect muted spending. We revise our Fed call to 2 rate cuts of 25bp […]