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Markets Bank of England governor Bailey, ECB president Lagarde and Fed chair Powell today all grab(bed) their final occasion to guide market expectations going into final policy meetings of the year, which for the ECB and the Fed include updated growth and inflation forecasts. BoE Bailey spoke at the Financial Times’ Global Boardroom conference. Headlines […]

The post Sunset Market Commentary appeared first on Action Forex.

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Gold Stabilizes at $2,650: Eyes on the Next Move

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12/11/2024

Dollar Unstoppable for Now

The dollar continues to rise on speculation of policy changes following the US election. The Dollar Index rose above 105.5 on Monday – its highest level since early July – before easing slightly in trading. The main contributors to the index’s strength are weakness in the single currency and the Japanese yen. In both cases, […]
07/05/2024

USDJPY Wave Analysis

USDJPY reversed from support zone Likely to rise to resistance level 155.65 USDJPY currency pair recently reversed up from the support zone lying between the strong support level 152.00 (former multi-month high from November) and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal from the support level 152.00 stopped the […]
29/10/2024

Silver Wave Analysis

Silver reversed from support zone Likely to rise to resistance level 35.00 Silver recently reversed up from the support zone located between the key support level 33.00 (which stopped wave 1 last month) and the 38.2% Fibonacci correction of the upward impulse from the start of October. The support level 33.00 was further strengthened by […]