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.
ECB President Christine Lagarde told a European Parliament’s committee that the Eurozone’s “disinflationary process is over”, with inflation now hovering around 2% and expected to remain near target over the medium term. She said this backdrop justified the Governing Council’s recent decision to keep interest rates unchanged. Lagarde noted that risks to economic growth have […]
The post ECB’s Lagarde: Disinflation over, range of risks narrow appeared first on Action Forex.
Hello traders and welcome to a new blog post. In this one the spotlight will be on the EURNZD currency pair. This pair has been in a long-term bullish sequence since February 2017. Thus, it makes for an interesting instrument to add to the watch list. Is a setup imminent? EURNZD continues to rise in […]
The post EURNZD Analysis: Bullish Sequence Targets Further Rally From Lows appeared first on Action Forex.
Oil prices have risen at the start of the week after the Organization of the Petroleum Exporting Countries and its allies (OPEC +) once again delivered what I would call a strategic under-delivery of the expected output hike. OPEC+ announced a modest production increase following their recent meeting, agreeing to raise output by 137,000 barrels […]
The post OPEC + Delivers Modest Output Hike, Brent Crude Rises 1.7%. What Next for Oil Prices? appeared first on Action Forex.
In today’s session, gold (XAU/USD) trades at $3960 per troy ounce, up an astounding +1.91%, and has yet again comfortably renewed all-time highs. With gold pricing up over 50% year-to-date, markets now turn their gaze to the key level of $4,000, having only rallied above $3,000 for the first time in history less than seven […]
The post Gold (XAU/USD) Set to Challenge $4,000 as Prices Renew All-Time Highs in Today’s Session – Potential Targets and Price Forecast appeared first on Action Forex.
Ethereum: ⬆️ Buy Ethereum broke daily down channel Likely to rise to resistance levels 4755.00 and 5000.00 Ethereum cryptocurrency recently broke the resistance trendline of the daily down channel from the end of August (which encloses the previous intermediate ABC correction (2)). The breakout of this down channel accelerated the active intermediate impulse wave (3) […]
The post Ethereum Wave Analysis appeared first on Action Forex.
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