Tag: Forex trading strategies
USD/JPY Forecast: Mid-Day Analysis and Outlook – Action Forex
The USD/JPY pair continues to trade in a range, with the intraday bias remaining neutral. It is anticipated that there will be another increase as long as the support at 151.44 is maintained. If...
Dollar Dominance Pauses Pre-Election, Upside Potential Remains – Action Forex
The dollar, which has been dominating the currency markets recently, took a step back last week. However, this slight retreat doesn't necessarily mean that the upward momentum of the greenback is over. It seems...
Sterling Falls as Market Uncertainty Surrounds Reeves’ Budget – Action Forex
Sterling experienced a significant drop overnight following the announcement of Chancellor Rachel Reeves' new budget. The currency's decline was accompanied by a decrease in 10-year government bond prices and the FTSE. Critics of the...
Gold and Dollar: Safe-Haven Retreats – A Comprehensive Analysis
The dollar index recently saw a correction following four weeks of consecutive gains. This is a common occurrence when national currencies and bond markets face pressure ahead of important elections. While the dollar is...
Global Economic News: Alphabet Beats, UK Budget, US Jobs, Eurozone CPI – Action Forex
Big Tech investors were pleased on Tuesday as Alphabet, Google's parent company, reported better-than-expected results. The company saw a 15% increase in revenue compared to the same time last year, with ad revenue surpassing...
GBPUSD Trading Range Forecast: 1.2900 – 1.3000 Key Levels – Action Forex
GBPUSD recently lost momentum as it approached the uptrend line, signaling a potential shift in the market. Although the pair broke the long-term ascending trendline, it is currently trading within a narrow range after...
Eurostoxx Futures Gain 0.4% in Early European Trading
Foreign exchange trading is a risky venture that may not be suitable for all investors. It is important to understand the risks involved, especially when leverage is used, as it can increase the potential...
AUD/USD Weekly Analysis and Forecast – Action Forex
The Australian dollar to US dollar (AUD/USD) pair continued its decline last week, dropping from 0.6941. The breach of the 0.6621 resistance level indicates a potential bearish reversal in the near term. The initial...
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...
