Logo-color Logo-white

Near-term action remains in bearish mode and cracks first pivot at $28.65 (June 13 low), with pressure on nearby other key supports at $28.49 and $28.25 (Fibo 38.2% retracement of $26.00/$32.51/daily cloud base, respectively). Sustained break below $28.65/49 triggers to generate bearish signal on completion of failure swing pattern on daily chart/breach of pivotal Fibo […]

The post XAG/USD: Silver Price May Fall More on Breach of Pivotal Supports appeared first on Action Forex.

previous

European Currencies Face a Crucial Test: What to Expect

next

Aussie Calm as Inflation Expectations Jump

Read More

19/03/2024

Crypto Market Deepens Correction

Market picture The crypto market lost 6% in 24 hours to $2.42 trillion. Solana reversed Tuesday’s decline, losing 9% in 24 hours – the last of the major altcoins to fall into a correction. Bitcoin is down 5% after falling to $64.4K. That’s its lowest level in two weeks and 13.5% below its high. A […]
10/01/2024

Inflation in Australia Continues To Decline. AUD/USD Tests Important Support

Data today from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) rose 4.3% year-on-year in November, the slowest pace since January 2022. Value a month earlier = 4.9%. Market forecasts = 4.4%. This strengthened market expectations that interest rates would not have to rise further. Although the head of […]
06/12/2023

First Impressions: Australian National Accounts, September Quarter

Australia’s economy hit the wall in the September quarter. Output growth was a very weak 0.2%, or a sharp contraction in per capita terms of -0.5%qtr. Strikingly, consumer spending stalled, with a flat result and a decline in per capita terms of -0.6%qtr, as real disposable income collapsed, contracting -1.3%qtr, -4.3%yr. The Australian economy almost […]