Logo-color Logo-white

Nvidia finally stole the title of the world’s most valuable company from Microsoft and Apple yesterday following a beautiful 3.5% rally that propelled the share price past $135 a share. The catalyst was just a bullish call from an analyst at Rosenblatt Securities who revised his PT up to $200 from $140 and said that […]

The post Inflation in UK Hit BoE 2% Inflation Goal appeared first on Action Forex.

previous

Elliott Wave Analysis on Copper (HG) Expects the Metal Turning Higher

next

USDJPY Reapproaches Multi-Year Highs

Read More

23/07/2024

EUR/JPY Outlook: Collapses to Five-Week Low on BoJ Rate Hike Signals

EURJPY fell nearly 1% on Tuesday, as yen rose across the board on hawkish talks which may prompt BoJ for more rate hikes. The pair broke below psychological 170 support, hitting the lowest levels in five weeks and cracked Fibo 76.4% retracement of 167.52/175.42 upleg. Technical picture weakened further on daily chart, with daily close […]
09/08/2024

EUR/GBP : 200DMA So Far Holds Pullback from New Multi-Week High

EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day. Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming on daily chart. However, completion of pattern requires violation of pivotal Fibo support at 0.8532 (38.2% of 0.8362/0.8624) […]
30/11/2023

Gold Price Rally Pauses But Not Likely Over

Key Highlights Gold prices rallied over the $2,000 and $2,020 resistance levels. A key bullish trend line is forming with support near $2,025 on the 4-hour chart. Crude oil prices are attempting a recovery wave from the $72.00 zone. EUR/USD climbed above the 1.1000 level before the bears appeared. Gold Price Technical Analysis Gold remained […]