Tag: Action Forex
GBP/USD Forecast: Weekly Analysis and Predictions for Action Forex Traders
The GBP/USD pair saw a decline from 1.3433 last week, dropping to 1.2842 before bouncing back. The outlook for this week is uncertain, with...
USD/JPY Forecast: Weekly Analysis and Predictions
The USD/JPY pair saw a slight increase to 153.87 last week, but it wasn't able to hold above the 61.8% retracement level of 161.94...
EUR/USD Weekly Forecast: Latest Analysis and Trends
The EUR/USD pair saw a rise from a short-term low of 1.0760 last week, reaching 1.0904 before retreating. This week, the initial bias has...
Dollar Dominance Pauses Pre-Election, Upside Potential Remains – Action Forex
The dollar, which has been dominating the currency markets recently, took a step back last week. However, this slight retreat doesn't necessarily mean that...
Canadian Jobs Data Impact by Hiring Demand and U.S. Fed Cuts – Action Forex
The Canadian job market is expected to show signs of continued weakness in the upcoming employment report for October. While there may be an...
US Manufacturing PMI Drops to 46.5, Prices Surge – Action Forex
The US manufacturing sector experienced a decline in October, with the ISM Manufacturing PMI dropping from 47.2 to 46.5. This was below the expected...
WTI Crude Oil Price Analysis: Bearish Gap Recovery – Action Forex
WTI crude oil prices have shown a positive recovery after a bearish gap, reaching a critical level near the downtrend line at around 71.00....
Sterling Falls as Market Uncertainty Surrounds Reeves’ Budget – Action Forex
Sterling experienced a significant drop overnight following the announcement of Chancellor Rachel Reeves' new budget. The currency's decline was accompanied by a decrease in...
Gold and Dollar: Safe-Haven Retreats – A Comprehensive Analysis
The dollar index recently saw a correction following four weeks of consecutive gains. This is a common occurrence when national currencies and bond markets...
Sunset Market Analysis: Actionable Insights for Forex Traders
Sunset Market Analysis: Understanding Forex Trading TrendsIn the ever-changing world of trading, central banks play a crucial role in determining market trends. With a...