Tag: Action Forex
Gold Price Forecast for Q4: Expert Analysis and Predictions
Gold has been the shining star in the world of investments, outperforming other asset classes and providing protection against various risk events. In the third quarter, gold saw a remarkable increase of 14%, bringing...
Fed’s Goolsbee Expects Close Calls on Rate Decisions Ahead – Market Outlook
Chicago Federal Reserve President Austan Goolsbee recently spoke to CNBC about the progress in controlling inflation and stabilizing the labor market in the last year and a half. According to Goolsbee, inflation has decreased...
Fed’s Williams Expects Gradual Shift Towards Neutral Policy – Action Forex
New York Fed President John Williams spoke today about the future direction of monetary policy, indicating that there will be a gradual shift towards a more neutral stance in the coming months. This aligns...
USDCHF Forecast: Bullish Outlook Ahead of US CPI Release
The USDCHF pair has shown a positive trend recently, reaching a six-week high of 0.8609 after finding support near the 50-day SMA. The technical indicators suggest that there is potential for further bullish movement,...
NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts
The NZD/USD pair has recently hit a seven-week low at 0.6091 due to ongoing sell-off pressure. This decline is mainly linked to the Reserve Bank of New Zealand's (RBNZ) decision to lower interest rates...
RBNZ Rate Decision: Impact on NZD/USD – Action Forex
The New Zealand dollar has been on a downward trend for the past six days, experiencing a 3.6% decrease in value during this time. However, on Tuesday, the NZD showed some signs of stabilization...
Gold Price Rebounds as Buyers Return to Blue Box Area – Action Forex
Gold prices have seen a rebound as buyers returned to the blue box area, according to a technical blog analyzing the 1-hour Elliott Wave Charts of Gold. The recent rally from the low on...
RBNZ Policy Meeting: Will Interest Rates be Cut by 25 or 50 bps?
The Reserve Bank of New Zealand is expected to announce a rate cut during their policy meeting on Wednesday. The decision to cut rates comes as inflation in New Zealand continues to slow down,...
Eco Data Update: October 7, 2024 – Actionable Insights for Forex Traders
Here is the latest Eco Data Update for October 7, 2024, providing actionable insights for Forex traders. Let's take a look at the key events and data releases for today:- 00:00 GMT: In Australia,...
GBP/USD Weekly Forecast and Analysis – Action Forex
Last week, GBP/USD broke below the 1.3265 support level, indicating a short-term peak at 1.3433. This week, the initial bias suggests a downward trend towards the 1.3000 cluster support level, which represents a 38.2%...
