Tag: Finance

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Gold (XAUUSD) Elliott Wave Analysis: Next Leg Higher – Action Forex

Gold (XAUUSD) has been showing an interesting Elliott Wave pattern in the short term. The recent rally ended at 2790.07, marking the completion of...
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AUD/USD Recovery Faces Headwinds: Upside Still Restricted – Forecast and Analysis

The Australian Dollar (AUD) continued to decline against the US Dollar (USD) and tested the 0.6440 support level. However, it managed to bounce back...
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European Equities Aim for Recovery in New Trading Day

European equities are on the rise in the new trading day, but it's important to be aware of the high level of risk associated...
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EUR/USD Daily Forecast: Latest Analysis and Predictions – Action Forex

The EUR/USD daily forecast suggests that the intraday bias for the currency pair remains neutral, indicating that there could be more consolidations above the...
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Comprehensive Eco Data Analysis for 11/20/24 – Action Forex

In the latest eco data analysis for November 20, 2024, several key events took place across different currencies. Let's take a closer look at...
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Crude Oil Futures Settle at $69.39: Latest Updates and Analysis

The WTI crude oil futures settled at $69.39, showing a slight increase of $0.23 or 0.33%. This price is technically closing above its 200-hour...
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Temporary Dollar Dip vs. Intrinsic Euro Strength: Action Forex Analysis

The recent fluctuations in the Dollar Index have left many analysts puzzled, as the currency seems to be moving against fundamental forces. The DXY...
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ECB’s Panetta on Interest Rates: Possibility of Rates Going Below Neutral Levels

The European Central Bank's (ECB) board member, Fabio Panetta, recently discussed the possibility of interest rates going below neutral levels. This statement has sparked...
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Canada’s CPI Rebounds to 2% in Oct, Services Inflation at Lowest Since Jan 2022

Canada's inflation picked up speed in October, reaching an annual rate of 2.0% year over year. This was slightly higher than the expected 1.9%...
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US Labor Market Adding to Inflationary Pressures – San Francisco Fed Economists

The US Treasury market followed a familiar pattern last week, testing recent lows before rebounding. Despite the lack of a strong trigger like a...