Forbes analysts predict 2025 will be a pivotal year for Bitcoin, solidifying its position as a global financial asset. Their key forecasts include: → Regulatory Shifts: A change in SEC policies is expected to foster growth in the cryptocurrency sector, driving the cryptocurrency market capitalisation from approximately $3.3 trillion to $8 trillion. → Strategic Reserves: […]

The post BTC/USD Fails to Surpass $100,000: Bitcoin Price Forecasts for 2025 appeared first on Action Forex.

Forex trading is slowing down as the holidays approach, offering a pause after significant movements driven by various news events, including central bank decisions. Notably, NZD/USD reached its lowest level since October 2022 at the end of last week. The decline in NZD/USD has been influenced by two main factors: 1. The dollar gained momentum […]

The post NZD/USD Stabilises Ahead of the Holidays appeared first on Action Forex.

Despite the Federal Reserve’s hawkish stance and the upcoming inauguration of Donald Trump, who has frequently discussed the possibility of new trade tariffs, EUR/USD and GBP/USD managed to find medium-term support last week. Both pairs are now attempting to recover toward recent highs. GBP/USD Last week, GBP/USD broke below the November low at 1.2480. However, […]

The post European Currencies Correct in Anticipation of a Pre-Holiday Rally appeared first on Action Forex.

With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025. The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% […]

The post XAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025 appeared first on Action Forex.

Gold price started a fresh decline below $2,665. Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,665 zone before there was a sharp decline against the US Dollar. A key bearish trend line is […]

The post Gold Price and Crude Oil Price Face Hurdles appeared first on Action Forex.

According to the USD/JPY chart today, the US dollar has climbed to 157 yen. This movement was driven by monetary policies of both countries’ central banks. The Federal Reserve took a hawkish stance, with Chair Jerome Powell suggesting the possibility of fewer rate cuts in 2025 than earlier expected. On the other side, the Bank […]

The post USD/JPY Rises to a Nearly 5-Month High appeared first on Action Forex.

On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we: → Drew a blue upward channel relevant for 2024; → Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone; → Suggested that bulls might face difficulties in pushing […]

The post Nasdaq 100 Index Plummets After Fed Decision appeared first on Action Forex.

The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%. Analysts at Apollo Global Management, in their Economic Outlook, predict: → In […]

The post Forex Traders Await the Fed’s Decision appeared first on Action Forex.

AUD/USD declined below the 0.6400 and 0.6375 support levels. NZD/USD is also moving lower and might extend losses below 0.57350. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6400 level against the US Dollar. There is a connecting bearish trend line forming with resistance […]

The post AUD/USD and NZD/USD Sink Further, Losses Mount appeared first on Action Forex.

The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic environment where some markets flourished while others struggled under significant pressure. From […]

The post Market Year Wrap 2024: Key Highlights and Outlook for 2025 appeared first on Action Forex.

Analysing Bitcoin’s price on 6th December, we: → noted that more likely Trump’s victory in the presidential election and his plans to create a strategic reserve dedicated to Bitcoin were the primary driver of BTC/USD’s growth in November. → Identified two ascending channels (highlighted in blue and orange) that mapped the fluctuations within the upward […]

The post Bitcoin Hits a Record High, Surging Above $106,000 appeared first on Action Forex.

GBP/USD started a fresh decline below the 1.2720 zone. USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started another decline from the 1.2800 resistance zone. There is a short-term declining channel forming with resistance at 1.2650 on the hourly […]

The post GBP/USD Faces Trouble, USD/CAD Builds on Gains appeared first on Action Forex.

Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a […]

The post GBP/USD Declines Following UK GDP Data Release appeared first on Action Forex.

The XAU/USD chart shows: → A notable peak in November near the $2716 level (indicated by the first arrow); → Yesterday, gold surpassed this peak, reaching a new one-month high. Factors Supporting Bullish Sentiment → Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a Federal Reserve interest rate cut […]

The post Gold Price Hits Monthly High appeared first on Action Forex.

As evidenced by the USD/CAD chart, yesterday the rate climbed above 1.4190 – a level not seen since April 2023, when the world was gripped by panic over the spread of the coronavirus. Today, the weakness of the Canadian dollar relative to the USD is being influenced by a rich fundamental backdrop. As reported by […]

The post USD/CAD at a 56-Month High appeared first on Action Forex.

EUR/USD extended losses and traded below the 1.0550 support. USD/CHF is rising and might aim for a move toward the 0.8880 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at […]

The post EUR/USD Faces Resistance While USD/CHF Builds Momentum appeared first on Action Forex.

The AUD/USD chart reveals that since late October, the pair has been in a downtrend. This is largely driven by monetary policy differences: while the Federal Reserve has begun cutting interest rates, the Reserve Bank of Australia (RBA) has yet to initiate rate reductions. Tomorrow, the RBA will announce its decision on interest rates. All […]

The post AUD/USD at a Critical Support Level appeared first on Action Forex.

Gold price is consolidating above the $2,600 support zone. Crude oil is showing bearish signs and might decline below $66.80. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a recovery wave from the $2,610 zone against the US Dollar. A key bearish trend line is forming with resistance at $2,650 on […]

The post Gold Consolidates While WTI Crude Oil Faces Continued Struggles appeared first on Action Forex.

On 19 November, we analysed the natural gas price chart, noting: → the formation of an upward channel (marked in blue); → a potential bullish attempt to break the key $3.200 level, which had acted as resistance (highlighted with arrows). As seen on the XNG/USD chart, the price did rise above $3.200 but failed to […]

The post Natural Gas Prices Rebound from 2.5-Month Low appeared first on Action Forex.

USD/JPY Over the past week, the USD/JPY pair dropped by approximately 500 pips. As anticipated, sellers tested the critical 150.00–149.00 range. This level may serve as the starting point for an upward corrective rebound. The sharp decline in USD/JPY is likely tied to recent comments from the Bank of Japan’s Governor, Kazuo Ueda, hinting at […]

The post Yen Strengthens on Rate Hike Expectations; Euro Tests Recent Lows appeared first on Action Forex.