Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
The Australian and Canadian dollars weakened after Donald Trump announced plans to impose 100% tariffs on Chinese goods. The escalation in trade tensions between the world’s two largest economies has increased market caution and weighed on risk-sensitive currencies. Trump stated that the tariffs would come into effect from 1 November or sooner, depending on Beijing’s […]
The post Commodity Currencies Weaken Amid Escalating Trade Tensions appeared first on Action Forex.
The previous peak was set in 1980, but this week the price of silver rose above $53 for the first time ever, as shown on the XAG/USD chart. Bullish sentiment has been driven by political factors, sustained demand from central banks, and the metal’s growing use in modern industries such as renewable energy. Meanwhile, media […]
The post Silver Price Reaches Record High appeared first on Action Forex.
Market Overview The crypto market capitalisation lost 2.8% over the past day to $3.81 trillion. On Monday, the 50-day moving average acted as local resistance. The recovery rebound did not find a solid foundation, as many investors doubt that the risks of sudden trade conflicts will quickly disappear. BNB recorded a 10% drop, while Zcash […]
The post Crypto Market Quickly Met Resistance appeared first on Action Forex.
Asia Market Wrap – Asian Shares Cautious Asian stock markets showed mixed results on Tuesday, ultimately struggling to gain ground as optimism about potential US-China trade talks was offset by doubts about whether the two nations could reach a lasting agreement. Initially, broader Asian indexes saw some gains, but those quickly faded to trade flat. […]
The post UK Wage Growth Hits 3-Year Lows, Gold Retreats from Highs, FTSE 100 Eyes Gains. US Earnings Season Ahead appeared first on Action Forex.
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