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We’re on the cusp of the US election results. They’re starting to trickle in, pointing toward a more favourable outcome for the Republicans and Donald Trump. As a result, the so-called ‘Trump trade’ is in full swing this morning. The US yields are pushing higher on expectation of further debt ballooning under a Donald Trump […]

The post Trump Trade in Full Swing appeared first on Action Forex.

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20/02/2024

EURJPY on the Rise Above 162.00, But for How Long?

EURJPY posts new 3-month high Momentum indicators are gaining ground Positive structure remains intact above short- and long-term diagonal lines EURJPY is skyrocketing above the 162.00 round number, recording a fresh three-month high. The market is completing a strong bullish rally after the bounce off the 158.90 support level, posting the tenth consecutive green day. […]
04/12/2024

AUD/USD and NZD/USD Under Pressure, Downtrend Persists

AUD/USD declined below the 0.6500 and 0.6455 support levels. NZD/USD is also moving lower and might struggle to recover above 0.5900. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar. There is a connecting bearish trend line forming with […]
27/06/2024

Gold Rebounds from Near the Lower End of its Range

Gold bulls step in from near key support zone RSI and MACD suggest momentum is turning positive Advances within the current sideways range may be possible A dip below 2,290 could invite the bears back into the game Gold is trading higher today, after hitting support slightly above 2,290 on Wednesday. That zone has been […]