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.
We’ve been hearing this stuff over and over again for several weeks now. The ECB has ended its easing cycle and it’s now just monitoring the economy. They’ve already stated that small or short-term deviations from their 2% target won’t call for policy action.
This article was written by Giuseppe Dellamotta at investinglive.com.
Daily Pivots: (S1) 0.6466; (P) 0.6495; (R1) 0.6518; More… Intraday bias in AUD/USD remains neutral as range trading continues. Further decline is in favor as long as 55 D EMA (now at 0.6542) holds. Below 0.6439 will target 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403. Decisive break there will indicate bearish […]
The post AUD/USD Daily Report appeared first on Action Forex.
According to the XAG/USD chart, silver has fallen below the $50 mark after setting a historic high on 17 October, when the price briefly climbed above $54.40 for the first time. Since then, the market has turned lower: → Silver formed a bearish ABCD pattern and broke below the key $50 psychological level. → A […]
The post Silver Price Falls Below $50 appeared first on Action Forex.
Gold remains in roller coaster mode, as a lot of action has been seen since late last night’s update, with all options still being on the table. Slight optimism was sparked after Tuesday’s closing above $4100, though subsequent gains failed to fulfill the minimum requirement, as recovery attempts were capped by initial barrier – daily […]
The post Gold: Downside Remains Vulnerable After Bears Cracked Critical $4,000 Support appeared first on Action Forex.
Daily Pivots: (S1) 1.1580; (P) 1.1618; (R1) 1.1637; More… Intraday bias in EUR/USD stays neutral, and fall from 1.1917 is expected to resume sooner or later. Break of 1.1540 will target 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, through, break of 1.1778 will target retest […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
End of content
End of content