Tag: Action Forex

EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...

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...

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...

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...

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...

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 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...