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Markets The ADP job report yesterday produced the same price action seen in the wake of the US manufacturing ISM and US job openings. A below-consensus 99k for August and a downward revision to July’s report delivered another setback to yields. Outperformance at the front caused the 10-yr/2-yr spread to turn positive again only to […]

The post It’s P-Day Today appeared first on Action Forex.

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02/02/2024

DAX Near Term Support Area

Short Term Elliott Wave view in DAX suggests the rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave 1 ended at 17003.28. Wave 2 pullback subdivided into a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 16448.71 and wave ((x)) rally ended at […]
30/11/2023

AUDUSD Bulls React to Yesterday’s Red Candle

AUDUSD in the green again today, close to its 4-month high Aggressive move higher from the October lows Momentum indicators potentially ready to signal a reversal AUDUSD is trying to register a strong green candle as it continues to trade above the key February 2, 2023 descending trendline. It has been an aggressive rally from […]
22/04/2024

EURJPY Rallies Ahead of Key Market Events

EURJPY is preparing to test the recent 165.34 high The growing intervention threat is limiting the aggressive bullish appetite Momentum indicators maintain some degree of bullish tendency EURJPY is edging higher today with the bulls apparently preparing to challenge the recent 165.34 high following another false attempt by the bears to push this pair below […]