Tag: Action Forex
Weekly USD/CHF Forecast: Latest Analysis and Trends – Action Forex
The USD/CHF pair saw a rebound from 0.8374 last week, breaking through the 0.8548 resistance level. This upward momentum is expected to continue this week, with the initial bias favoring the upside towards the...
European Central Bank Set to Cut Rates as Inflation Lowers
This week, there was a significant increase in the conflict in the Middle East as Israel attacked Hezbollah in Lebanon and Iran launched missiles at Israel. Despite this, the market reaction was limited. Oil...
US Dollar Strengthens as Focus Shifts to CPI Inflation – Weekly Preview
The US dollar made a strong comeback this week due to positive economic data and safe haven flows after tensions in the Middle East. Fed Chair Powell's comments about sticking with quarter-point rate cuts...
Forex Market Analysis at Sunset – Expert Commentary and Insights
Expert Analysis on the Current State of the Forex MarketThe European Monetary Union (EMU) economy is facing challenging times, as indicated by the recent Flash PMI data. In September, activity contracted for the first...
September FOMC Blackout Period: Flashlight Guide – Action Forex
FOMC Prepares for September Meeting Amid Economic UncertaintyIn the midst of economic uncertainty, the Federal Open Market Committee (FOMC) is gearing up for its upcoming meeting on September 18. Recent data releases since the...
Gold Price Rebounds from 50-Day SMA – Latest Analysis and Forecast
Gold prices have been on a rollercoaster ride recently, hitting an all-time high of 2,483 on July 17 before pulling back. The 50-day SMA has been a key level of support, preventing further declines...
WTI Oil Price Outlook: Rising Amid Geopolitical Tensions, Key Resistances Holding
WTI oil prices saw a boost on Monday due to increased tensions in the Middle East, leading to concerns about the oil supply. The price opened higher, recovering from last week's low but staying...