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Key Highlights EUR/USD struggled to recover above the 1.0900 resistance zone. A connecting trend line is forming with resistance at 1.0900 on the 4-hour chart. GBP/USD is signaling a bearish bias below the 1.3050 resistance. Gold corrected gains and traded below $2,750. EUR/USD Technical Analysis The Euro started an upside correction above the 1.0820 level […]

The post EUR/USD Bears Eye Control: Is the Downtrend Set to Continue? appeared first on Action Forex.

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08/12/2023

US: Job Growth Rebounds in November, Unemployment Rate Ticks Lower

Non-farm payroll employment rose by 199k in November, slightly ahead of expectations calling for a gain of 185k. Employment figures for September were revised lower by 35k, while October numbers were unchanged. Hiring over the last three-months averaged 204k jobs per-month, a slight uptick from the 192k averaged between August-October but well off the 334k […]
24/04/2024

Gold Price Corrects Gains While Oil Price Regains Strength

Gold price rallied above $2,400 before correcting lower. Crude oil price is rising and it could climb further higher toward the $85.50 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price rallied significantly above $2,400 and recently corrected lower against the US Dollar. It cleared a key bearish trend line with resistance […]
20/07/2024

The Weekly Bottom Line: Nearing the Pivot Point

U.S. Highlights After an eerily calm few months, a fresh dose of volatility descended across global financial markets this week. Top Fed officials speaking this week noted that they are getting ‘closer’ to cutting interest rates. Financial markets have fully priced the first cut to come in September. Retail sales and industrial production data for […]