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Investors will begin the week in a state of uncertainty regarding the outlook of Europe’s political landscape. The four-day European Parliament elections concluded on Sunday. According to Reuters, the results showed a significant gain for eurosceptic-nationalists, who have displaced liberals and greens. Additionally, President Emmanuel Macron dissolved the French Parliament, calling for early legislative elections […]

The post EUR/GBP Rate at 21-Month Low Post-European Parliament Elections appeared first on Action Forex.

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22/04/2024

XAU/USD: Gold Falls 2% on Fading Safe Haven Demand

Gold price fell around 2% on Monday as safe haven demand faded on calmer tones from the Middle East, which ease fears for conflict escalation. Traders partially collected profits after gold repeatedly failed to sustain gains above psychological $2400 level and bull-trap pattern is forming on daily chart. Fresh bears pressure the first pivots at […]
22/01/2024

Nasdaq-100 Wave Analysis

Nasdaq-100 broke resistance level 16930.00 Likely to rise to resistance level 17500.00 Nasdaq-100 index recently broke the key resistance level 16930.00, which stopped the previous impulse waves (1) and 1. The breakout of the resistance level 16930.00 accelerated the active minor impulse wave 3 of the higher order impulse sequence (3) from the start of […]
05/04/2024

All About March US Payrolls Today

Markets Wednesday’s failed test to sustainably pierce through technical resistance levels (YTD highs) across the US yield curve met with some rebound action during US trading hours yesterday. Upwardly revised EMU PMI’s (composite >50 for first time since May 2023), Minutes of the ECB’s March policy meeting (first rate cut clearly coming into view), weekly […]