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Markets were in waiting mode ahead of final pivotal data releases before September’s round of central bank meetings. Equity markets were mixed, with European main indices outperforming their US counterparts amid Nvidia’s somewhat disappointing earnings report, while bond yields were little changed. The post-Jackson Hole rally in EUR/USD cooled off, with the cross declining back below […]

The post Weekly Focus – Jobs Report Set to Guide Central Banks in September appeared first on Action Forex.

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05/06/2024

XAU/USD: Key Economic Events This Week Eyed for Fresh Direction Signals

Gold price edges higher early Wednesday, bouncing off the floor of near term range and remaining without clear direction as markets await fresh signals from key economic events this week. Conflicting technical indicators on daily chart contribute to near term sideways mode, though slight bullish bias to persist as long as the price stays above […]
20/09/2024

S&P 500 Wave Analysis

S&P 500 broke key resistance level 5670.00 Likely to rise to resistance level 5800.00 S&P 500 index today broke above the key resistance level 5670.00 (which stopped the previous impulse waves (5) and (1), as can be seen below). The breakout of the resistance level 5670.00 continues the active intermediate impulse wave (3) from the […]
15/05/2024

EURCHF Wave Analysis

EURCHF rising inside impulse wave 3 Likely to reach resistance level 0.9835 EURCHF currency pair continues to rise inside the impulse wave 3, which started earlier from the support trendline of the daily Triangle from April. The active impulse wave 3 belongs to the higher order impulse wave (3) from the middle of April. Given […]