The holiday shortened trading week starts tense but on an optimistic note as US President Joe Biden and House Speaker Kevin McCarthy finally reached an agreement to raise the debt ceiling. The deal must get approval in a congressional vote on Wednesday. US Treasury Secretary Janet Yellen warned that the Treasury will be running out […]
The post One Step Closer to Debt Ceiling Deal – And a Fed Hike appeared first on Action Forex.
Daily Pivots: (S1) 0.6219; (P) 0.6247; (R1) 0.6278; More… Intraday bias in AUD/USD remains neutral for sideway trading above 0.6198. Consolidations should be relatively brief as long as 0.6336 support turned resistance holds. Break of Read more…
As markets wind down for the year-end holiday period, forex trading activity turns subdued, with limited momentum across major pairs. Dollar, while maintaining its position as the strongest currency of the month, is facing challenges Read more…
Natural gas prices climbed to a nearly two-year high, driven by immediate weather-related demand and a bullish long-term outlook for global energy consumption. In the short term, forecasts for below-average temperatures across the northern hemisphere—including Read more…