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Gold drops to its lowest since mid-December Breaks beneath the crucial 2,000 mark Oscillators point to extreme oversold conditions Gold experienced a massive downward spike in the four-hour chart following the hotter-than-expected US CPI report on Tuesday, dropping to a fresh two-month low. The magnitude of the decline has been reflected in the momentum indicators, […]

The post Gold Plummets Below 2,000 appeared first on Action Forex.

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29/04/2024

Forex and Cryptocurrency Forecast

EUR/USD: Inflation Persists, US GDP Growth Slows The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European Union’s share decreased by 1.4%, Japan’s by 2.1%, while the United States increased by 2.3%. China’s […]
21/03/2024

Busy Day With Rate Reviews and PMI Pulse Check

In focus today It is rate review day for several central banks, as we look to both the Swiss National Bank (SNB, 9.30 CET), Norges Bank (10.00 CET), and Bank of England (BoE, 13.00 CET) to publish their decisions. We believe that inflation within the target rate (and below the SNB’s forecast), a strong CHF, […]
05/06/2024

AUD/USD and NZD/USD Could Continue Higher

AUD/USD is correcting gains from the 0.6700 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.6200. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6700 against the US Dollar. There is a key bullish trend line forming with support at […]