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Gold price stays below $4000 mark for the second consecutive day, as traders collected profits after the metal broke through psychological barrier and hit new all-time high at $4059 on Wednesday. Overbought daily studies and significance of $4000 barrier prompted partial profit-taking, with limited dips (Fibo 23.6% of $3627/$4059 upleg containing) seen so far, despite […]
The post XAU/USD: Limited Pullback from New Record High Keeps Larger Bulls Intact appeared first on Action Forex.
CNBC is reporting that according to senior Treasury officials, the list for Fed Chair candidates has been narrowed down to 5 following interviews with US Treasury Secretary Scott Bessent.
There will be another round of interviews with all five candiates in the coming weeks and months. The interviews will be led by Bessent including two senior Treasury officials and two senior White House officials.
Officials said that the interviews will not be wrapped up until after Thanksgiving. The list will be sent to the President who will make the final decision.
In my opinion, the best pick would be Waller.
Full article here
This article was written by Giuseppe Dellamotta at investinglive.com.
Daily Pivots: (S1) 1.1521; (P) 1.1585; (R1) 1.1627; More… Intraday bias in EUR/USD stays on the downside, as fall from 1.1917 is in progress for 1.1390 support. Break there will target 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1647 minor resistance will turn intraday bias neutral first. But risk will […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3250; (P) 1.3334; (R1) 1.3389; More… Intraday bias in GBP/USD is back on the downside as fall from 1.3725 resumed through 1.3322. Deeper decline should be seen to 1.3140. Strong support is expected from there to bring rebound to complete the corrective pattern from 1.3787 high. On the upside, above 1.3394 minor […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3250; (P) 1.3334; (R1) 1.3389; More… Intraday bias in GBP/USD is back on the downside as fall from 1.3725 resumed through 1.3322. Deeper decline should be seen to 1.3140. Strong support is expected from there to bring rebound to complete the corrective pattern from 1.3787 high. On the upside, above 1.3394 minor […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.8671; (P) 0.8685; (R1) 0.8707; More… Intraday bias in EUR/GBP remains neutral at this point. On the downside, below 0.8654 will resume the fall from 0.8750 to 0.8631 support. Decisive break there will indicate near term reversal and turn outlook bearish for 38.2% retracement of 0.8221 to 0.8750 at 0.8548. However, break […]
The post EUR/GBP Daily Outlook appeared first on Action Forex.
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