Forex

EUR/USD recently fell through an ascending trend line on its daily time frame, but its potential reversal is still waiting to gain traction. Source link

The latest U.S. core PCE report revealed elevated inflationary pressures even before the US-Iran war sparked a surge in energy costs. But why did the dollar react the way it did? Source link

The 123 pattern isn’t some secret formula it’s a basic price structure that shows up repeatedly across all markets. Point 1 marks the extreme of the current move, whether that’s a swing high in an uptrend or a swing low in a downtrend. Point 2 forms when price pulls back from that extreme. Point 3…

ActionForex ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was…

Thursday’s session saw the S&P 500 extend its winning streak to seven sessions as stagflationary U.S. data weighed on the dollar ahead of Friday’s pivotal CPI release. Source link

The US-Iran Ceasefire is still holding, but its threads are very thin. Back-and-forth threats from the Iranian side concerning their disagreements with Trump’s 15-point plan have almost led to a catastrophe, but the US Administration seems quite serious about the ongoing peace negotiations. While the White House originally denied Lebanon being part of the ceasefire…

Dollar struggles to rebound as fragile US-Iran ceasefire keeps markets wary Source link

Fars is out with the following report: An informed source, in an interview with Fars reporter following up on the negotiation axes, stated: Tehran considers the option of negotiating with Washington off the table until a complete ceasefire is established in Lebanon, and it has strongly asserted this position. According to this informed source, one…