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Hey friends, as we prepare for the new month, and the new year, here are some of my anticipated trade ideas for January. Do note, however, that these are long-term views and would therefore require patience as they unfold. EURUSD – W1 Timeframe EURUSD on the Weekly timeframe has reached a supply zone, and price […]

The post What To Trade In January appeared first on Action Forex.

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07/09/2024

U.S. Inflation Print Expected to Tee Up First Fed Interest Rate Cut Since 2020

Headline U.S. inflation for August on Wednesday is expected to fall to 2.5% after dipping below 3% in July for the first time since 2021, setting up the U.S. Federal Reserve to cut interest rates for the first time since 2020. Falling gasoline prices likely accounted for much of that slowing, but we also expect […]
07/03/2024

Gold Reaches Unprecedented High Amid Economic Uncertainties

Gold trading reached a significant milestone on Thursday, with prices hitting an all-time high of $2150.00 per Troy ounce. This remarkable surge was propelled by a confluence of factors. These include the decline in US government bond yields, the weakening US dollar, and speculation about a potential interest rate cut by the US Federal Reserve […]
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Sunset Market Commentary

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