Logo-color Logo-white

Gold reversed from key support level 2475.00 Likely to rise to resistance level 2535.00 Gold just reversed up from the key support level 2475.00 (former strong resistance which stopped the previous impulse waves (i) and i) coinciding with the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of August. The upward […]

The post Gold Wave Analysis appeared first on Action Forex.

previous

Weekly Economic & Financial Commentary: The Time Has Come for Policy to Adjust

next

USD/JPY Tops Again and Bears Could Aim For Another Drop

Read More

11/05/2024

The Weekly Bottom Line: Canada – Jobs Surge Delays Rate Cut Bets

U.S. Highlights The Federal Reserve Senior Loan Officer Opinion Survey showed that most banks tightened lending standards further in the first quarter, with demand for loans falling in concert. Growth in U.S. consumer credit slowed materially in March as the upward trend in rates through the first quarter weighed on volumes. Federal Reserve officials reiterated […]
18/07/2024

USD Selloff Accelerates, ECB Meets

While everyone is speculating on how the ongoing international trade war could worsen if Donald Trump returns to the White House, it was Joe Biden who delivered a blow to the market yesterday as his administration told allies that it’s considering severe restrictions if companies like the Japanese Tokyo Electron and Dutch ASML keep providing […]
16/01/2024

Canadian Dollar Lower Ahead of CPI Data

Canada’s inflation rate expected to rise to 3.4% Inflation expectations for businesses ease The US dollar has posted gains against all of the major currencies on Tuesday. In the European session, USD/CAD is trading at 1.3494, up 0.50%. January hasn’t been kind to the Canadian dollar, which is down 1.8% this month against the greenback […]