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Markets Market conditions remained sour yesterday. Macron’s political gamble got another layer of uncertainty on rumours that the French president would resign in case of a defeat in the snap elections. While denied later, the genie was out of the bottle. Stocks in Europe remained under pressure. It wasn’t France’s CAC40 (-1.33%) that underperformed this […]

The post US in the Spotlights Today appeared first on Action Forex.

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13/06/2024

FTSE 100 Index Wave Analysis

FTSE 100 Index reversed from support level 8140.00 Likely to rise to resistance 8300.00 FTSE 100 Index recently reversed up from the pivotal support level 8140.00 (which also stopped the previous correction A at the end of May). The support level 8140.00 was further strengthened by the lower daily Bollinger Band and by the 50% […]
12/12/2023

USD/JPY, GBP/USD, EUR/USD Analysis: European Currencies in Consolidation Phase, Yen Declining

Better-than-expected US labour market data contributed to a sharp rise in the dollar against the yen and commodity currencies. At the same time, the euro and pound fell slightly, while managing to remain above strategic levels. USD/JPY The Japanese currency rose sharply last week as information emerged that the Bank of Japan may soon end […]
05/09/2024

WTI Crude Oil Wave Analysis

WTI crude oil broke key support level 71.40 Likely to fall to support level 68.00 WTI crude oil recently broke sharply below the key support level 71.40 (which has been repeatedly reversing the price from the start of February). The breakout of the support level 71.40 accelerated the active impulse wave c of the medium-term […]