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Key Highlights EUR/USD is attempting a recovery wave from the 1.0700 zone. A major bearish trend line is forming with resistance near 1.0810 on the 4-hour chart. Gold price is recovering higher from the $1,988 support zone. Bitcoin price is consolidating gains above the $50,500 support. EUR/USD Technical Analysis The Euro extended its decline below […]

The post EUR/USD Recovery Could Fade, Gold Eyes Fresh Increase appeared first on Action Forex.

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26/03/2024

Focus on US and Swedish Data Today

In focus today From the US, durable goods orders are due for release for February and Conference Board will release its consumer confidence survey for March. Consumer confidence has improved gradually over the winter as slower inflation supports real incomes. In Sweden we get producer and import price index for February and the Economic Tendency […]
03/07/2024

Gold Price Prospects for H2

As shown by the daily XAU/USD chart: → Since November 2022, the price has been moving in an upward channel, marked in orange; → Since the start of 2024, the price has risen by approximately 12.5%. What are the gold price forecasts for the end of 2024? According to Investing.com, Georgette Boele, a senior sustainability […]
14/12/2023

Fed Review: Rising Optimism

The Fed maintained its monetary policy unchanged as widely anticipated. Lower rate and inflation projections together with more dovish wording in the statement and from Powell sparked a post-meeting rally in the markets. The Fed did not attempt to guide the market against the easing in financial conditions. We see this as a strong signal […]