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GBPUSD recently broke above previous peak on 7.14.2023 high at 1.3143 and shows a higher high bullish sequence from 9.26.2022 low. This leaves no doubt about the right side and direction of the pair which is higher. Near term, rally from 4.22.2024 low is ongoing as a 5 waves impulse Elliott Wave structure. Up from […]

The post Elliott Wave Intraday Shows Bullish Sequence in GBPUSD appeared first on Action Forex.

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04/07/2024

US DJIA: UST Yield Curve Un-inversion May Help the Laggard to Catch Up

Yesterday’s lacklustre US ISM services PMI and ADP employment data for June increases the odds of a further US Treasury yield curve un-inversion. A further un-inversion above -0.08% on the US Treasury yield spread between 10-year & 2-year may trigger a bull steepening scenario. A potential bull steepening in the US Treasury yield curve may […]
22/04/2024

US House Passes Military Aid Bill to Ukraine, Israel and Taiwan

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18/12/2023

FTSE 100 Wave Analysis

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