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France and UK go to the polls; will elections bring chaos or order? US payrolls report for June awaited as Fed hawks don’t budge Eurozone CPI, Fed minutes and ECB forum also on investors’ radar Macron’s gamble set to backfire Political risks came back to haunt the euro in June as the resurgence in popularity […]

The post Week Ahead – French and UK Elections on the Horizon, US Jobs Report Eyed Too appeared first on Action Forex.

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Canada’s Economy Rebounded in April, Modest Growth Expected in May

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Labour Markets in Canada and the U.S. to Show Key Signs of Weakness

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24/06/2024

EUR/USD Remains At The Edge, Can It Recover?

Key Highlights EUR/USD failed to surpass 1.0765 and declined once again. A major bearish trend line is forming with resistance at 1.0710 on the 4-hour chart. GBP/USD declined heavily and traded below the 1.2680 support. Bitcoin price extended losses and traded below the $64,200 support. EUR/USD Technical Analysis The Euro failed to recover above the […]
16/08/2024

S&P 500 index Wave Analysis

S&P 500 index rising inside impulse wave 3 Likely to test resistance level 5570.00 S&P 500 index recently continues to rise inside the impulse wave 3 which previously broke the resistance area located between the strong resistance level 5400.00 (former strong support from the end of July) and the 50% Fibonacci correction of the downward […]
21/08/2024

Riksbank Cuts Interest Rates by 25bp and Signals 2-3 More Rate Cuts in 2024

In focus today In the US, minutes of the Fed’s July meeting will be published in the evening. While the focus will naturally be on any clues regarding future rate cuts, the views are likely at least somewhat outdated given that the July jobs report was published only after the meeting. Furthermore, the US Bureau […]