Logo-color Logo-white

German 40 index hits all-time high Uptrend shows ongoing strength, but a pause is likely The German 40 index has been having an exceptional performance so far in 2024, gaining more than 10% to unlock an all-time high of 18,510 on Wednesday. The ongoing positive trend has yet to show any cracks, but with the price marking […]

The post GER 40 Index Marks Highs After Highs appeared first on Action Forex.

previous

USD/CHF: Rises to the Highest in Nearly Five Months

next

CAD: Markets Await GDP Release

Read More

30/07/2024

Spooked Bitcoin

Market picture The cryptocurrency market pulled back 3% to a capitalisation of $2.4 trillion, erasing gains for a while due to the Bitcoin conference. For the past week and a half, the market has been predominantly moving in the $2.4-2.5 trillion range. The hesitancy of traders this week can easily be blamed on expectations of […]
23/07/2024

Analysis of XAU/USD: Gold Price Falls for 4 Consecutive Days

As shown on the XAU/USD chart, Monday, 22 July marked the fourth consecutive day of declining gold prices. The change from the historical peak reached on Wednesday is around -3.5%. Bearish sentiment is driven by: → Market participants’ assessment of prospects due to the change of the Democratic Party’s presidential candidate in the US. → […]
24/06/2024

USD Weekly Analysis: USDX and EURUSD

Fundamental Analysis This week we will have a few high-impact data releases from the economic calendar. Still, the focus will be on several speeches by Fed officials, with five out of eight appearances scheduled featuring hawkish members. This will drive a strong pushback against market expectations of two rate cuts this year. This hawkish stance […]