‘Time to act now’: The push to develop Europe’s blockbuster rare earths discoveries
From an ‘invisible mine’ to a radical relocation, two mining companies at the heart of Europe’s resource security push are taking very different approaches.
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9318; (P) 0.9332; (R1) 0.9345; More…. Intraday bias in EUR/CHF stays neutral and more consolidations could be seen below 0.9349. Fall from 0.9660 could have completed at 0.9178, on bullish convergence condition in D MACD. Above 0.9349 will resume the rise from 0.9178, and target 0.9452 resistance next. However, break of 0.9275 […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9318; (P) 0.9332; (R1) 0.9345; More…. Intraday bias in EUR/CHF stays neutral and more consolidations could be seen below 0.9349. Fall from 0.9660 could have completed at 0.9178, on bullish convergence condition in D MACD. Above 0.9349 will resume the rise from 0.9178, and target 0.9452 resistance next. However, break of 0.9275 […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9318; (P) 0.9332; (R1) 0.9345; More…. Intraday bias in EUR/CHF stays neutral and more consolidations could be seen below 0.9349. Fall from 0.9660 could have completed at 0.9178, on bullish convergence condition in D MACD. Above 0.9349 will resume the rise from 0.9178, and target 0.9452 resistance next. However, break of 0.9275 […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
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Gold buyers test the waters of a technical break in final November push
I’ve mentioned for a while now that gold has been trading within a flag/wedge pattern recently and the next trending move is likely to come from a break of that. And today, we’re starting to see buyers take some action in a push up to test waters above the technical pennant as seen below:
So, what does this all mean?
I would argue that the push higher would be more convincing had it not been the Thanksgiving holiday period. Liquidity conditions in most markets are sapped, so there might still be some lingering question marks on this move as well.
However, one can’t just simply ignore the technical picture either. But personally, I’d be more convinced on a break today if it comes with a close above $4,200 to break the mid-November high. Then, there would be a stronger case and argument for a resumption in the uptrend to target the October highs again.
Otherwise, it will be a bit tricky in trying to get a good sense of the move we’re seeing today. Not least with month-end flows also in the picture and just before we get to the new month next week. That being said, December has been a strong seasonal month for gold though just not quite the case in 2024 following a hot streak from February to October last year.
This article was written by Justin Low at investinglive.com.
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Pound Sterling Price News and Forecast: GBP/USD rises amid mounting expectations of Fed rate cut
GBP/USD continues its winning streak for the seventh successive session, trading around 1.3240 during the Asian hours on Friday. The pair strengthens as the US Dollar (USD) weakens amid growing expectations of a Federal Reserve (Fed) rate cut in December. -
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.4022; (P) 1.4037; (R1) 1.4045; More… USD/CAD is still bounded in consolidations below 1.4139 and intraday bias remains neutral. Further rally is expected with 1.3970 support intact. On the upside, decisive break of 1.4139 resistance will resume whole rally from 1.3538. Next target is 61.8% retracement of 1.4791 to 1.3538 at 1.4312. […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.4022; (P) 1.4037; (R1) 1.4045; More… USD/CAD is still bounded in consolidations below 1.4139 and intraday bias remains neutral. Further rally is expected with 1.3970 support intact. On the upside, decisive break of 1.4139 resistance will resume whole rally from 1.3538. Next target is 61.8% retracement of 1.4791 to 1.3538 at 1.4312. […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.4022; (P) 1.4037; (R1) 1.4045; More… USD/CAD is still bounded in consolidations below 1.4139 and intraday bias remains neutral. Further rally is expected with 1.3970 support intact. On the upside, decisive break of 1.4139 resistance will resume whole rally from 1.3538. Next target is 61.8% retracement of 1.4791 to 1.3538 at 1.4312. […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
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Trump says U.S. to ‘permanently pause migration from all Third World Countries’
The president said he would also terminate “millions” of admissions under his predecessor Joe Biden and remove “anyone who is not a net asset” to the U.S.
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