Logo-color Logo-white

Key Highlights Gold started a fresh surge and traded to a new high above $2,788. A connecting bullish trend line is forming with support at $2,758 on the 4-hour chart. Oil started a consolidation phase near the $69.00 zone. EUR/USD recovered some losses and tested the 1.0865 resistance. Gold Price Technical Analysis Gold prices formed […]

The post Gold Leaps Ahead: Are More Gains on the Horizon? appeared first on Action Forex.

previous

Brent Crude Oil Wave Analysis

next

Bank of Japan Delivered Much-Anticipated Status Quo

Read More

26/01/2024

Crypto Market Takes a Breath after the Storm

Market Picture The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves. The Fear and Greed Index is wandering around a neutral 50. A cautious uptrend can be discerned in Bitcoin since Tuesday, as […]
12/08/2024

New Zealand Dollar Higher, Focus on RBNZ

The New Zealand dollar has started the week with gains. NZD/USD is trading at 0.6026 in the North American session, up 0.45% at the time of writing. Will the RBNZ lower rates this week? The Reserve Bank of New Zealand meets on Wednesday and it’s a live meeting as the decision is expected to be […]
17/04/2024

Focus Turns to Final March Inflation for Euro Area

In focus today Today, focus is on the final inflation data for March in the euro area. We particularly look out for inflation components that reflect domestic demand as service inflation remained elevated in March. The final data will also allow us to estimate how much the timing of Easter impacted the March numbers and […]