Logo-color Logo-white

Silver prices bounce back after seven-week decline Momentum oscillators around their neutral levels Break either above 24.60 or below 21.90 would signal direction Silver prices have risen over the last week, breaking above a downtrend line to recover a small chunk of the losses from the selloff that started in early December. That said, the […]

The post Silver Recovers But Picture Still Cautiously Negative appeared first on Action Forex.

previous

EUR Weakness May Endure In February

next

Nonfarm Payrolls to Decide Dollar’s Fortunes

Read More

29/04/2024

Is There Anyone Out There?

Just one week after posting its worst weekly loss over a year, and after a week of unfavourable economic data for both the US economic outlook and Federal Reserve (Fed) expectations, we saw the S&P500 record its best performance since October 2023. Yes, the S&P500 gained nearly 3% last week, while Nasdaq 100 gained more […]
11/01/2024

USD/JPY: Recovery Acceleration Signals that Corrective Phase Might Be Over

Bulls regained traction and pushed the price up 0.75% on Wednesday, retracing the largest part of pullback from 2024 high (145.97, Jan 5) to 143.41 (Jan 9). Fresh strength emerged after corrective dip was strongly rejected just above 200DMA (143.37), marking a healthy correction and keeping in play near-term bulls off 140.25 (Dec 28 low). […]
14/12/2023

Fed Overdelivers – Will ECB and BoE Follow?

The most hotly anticipated central bank meeting of the year did not disappoint on Wednesday, with the Fed potentially delivering this year’s Santa rally. I don’t think many will have expected the Fed to go as far as it did in forecasting three rate cuts next year only three months after suggesting the tightening cycle […]