Tag: Action Forex
GBP/USD Forecast: Weekly Analysis and Predictions for Traders
The GBP/USD pair experienced a drop from 1.3433 to 1.2906 last week, but managed to find a temporary low and make a recovery. This week, the initial bias suggests a neutral outlook for consolidations....
USD/JPY Weekly Forecast: Latest Updates and Analysis
The USD/JPY pair saw a rebound from 139.57 to 153.18 last week before experiencing a temporary top and retreating. This week, the initial bias is neutral for consolidations first. However, further rally is likely...
EUR/USD Weekly Forecast and Analysis – Action Forex
The EUR/USD pair experienced a decline last week, falling from 1.1213 to 1.0760 before showing signs of a temporary recovery. As we look ahead to this week, the initial bias is neutral, suggesting a...
USD Breaks Key Resistance with 10-Year Yield Surge – Action Forex Analysis
The Dollar emerged as the clear winner in the currency markets last week, with both the Dollar Index and the 10-year US Treasury Yield breaking through significant resistance levels. This surge in the Dollar...
Euro vs. US Dollar Outlook: Analyzing Divergence and Impact on Forex Trading
Stock markets in both Europe and the US saw positive movements on Thursday following some strong earnings reports. Companies like Hermes, Barclays, Unilever, Renault, Tesla, and UPS posted good results, leading to a boost...
S&P 500 Index Wave Analysis: Expert Insights and Predictions
The S&P 500 index has recently seen a reversal from a support zone, indicating a potential upward trend. This support zone is located between the key support level of 5785.00, the 20-day moving average,...
Warning: BoE’s Mann Predicts Prolonged Services Inflation – Action Forex
At a recent event, Catherine Mann, a member of the Bank of England's Monetary Policy Committee, discussed the challenges surrounding services inflation. According to Mann, services inflation still has a long way to go...
Eurozone PMI Impact on Eurozone Currency Trends – Action Forex
On Thursday, S&P Global released preliminary estimates for the October PMI across major regions. In Europe, this data holds significant importance as it tends to impact market trends.The data from Europe showed a mixed...
Tesla’s Victory Boosts Nasdaq Futures – Latest Updates and Analysis
The past few days have been tough for investors due to US political uncertainties, geopolitical tensions in the Middle East, and expectations that the Federal Reserve (Fed) may slow down its monetary easing efforts....
Eco Data Update: October 24, 2024 – Action Forex
The Eco Data Update for October 24, 2024, provides a snapshot of various economic indicators across different countries. Let's take a closer look at the data:In Australia, the Manufacturing PMI for October came in...