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Markets European markets were captured in an indecisive trading pattern yesterday, in the wake of the surprise win of the left alliance in the French elections. Spreads of France (and other peripheral EMU countries) initially tightened marginally as none of the extreme parties secured a majority to implement uncontrolled spending. However, from a longer term […]

The post Sunset Market Commentary appeared first on Action Forex.

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17/01/2024

Gold Moves Horizontally in Near Term

Will gold extend its negative wave below 2,013? Holds beneath SMAs and Ichimoku cloud Technical oscillators suggest bullish correction Gold prices have been posting a negative wave over the last two days in the 4-hour chart, holding beneath the Ichimoku cloud and the short-term moving average lines. The 2,013 level is significant for traders as […]
30/10/2024

Alphabet Beats, Eyes on UK Budget, US Jobs, Eurozone CPI

Big Tech investors weren’t disappointed on Tuesday, as Alphabet announced better than expected results after the bell. The Google’s parent Alphabet saw its revenue rise 15% from the same time last year, ad revenue grew more than anticipated and more importantly, Google Cloud printed a solid 35% growth compared to the same time last year. […]
14/03/2024

AUDUSD Waits for Direction After Bullish Break

AUDUSD squeezed between key levels Traders indecisive ahead of US retail sales AUDUSD regained positive momentum and climbed above its exponential moving averages (EMAs) after breaking out of its 2024 bearich channel. But the 0.6620 region, which was a tough barrier in January, dented the upside forces following the flash spike to 0.6666. The technical […]