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Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank […]

The post Markets Weekly Outlook – Will the NFP Report Validate Rate Cut Optimism? appeared first on Action Forex.

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09/04/2024

Japanese Yen Steady as Intervention Worries Continue

The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 151.88, up 0.02%. It’s as light data calendar today. Japan’s average cash earnings rose 1.8% y/y in February after a 2% gain in January. This beat the market estimate of 1.4%. Still, the better-than-expected wage growth release didn’t provide a […]
05/03/2024

US 500 Battles With 123.6% Fibonacci

US 500 cash index extends its series of record highs Tests 123.6% Fibonacci extension of its 2022 downtrend Oscillators look overbought, increasing risk of a pullback The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October 2023, generating consecutive all-time highs. Given that the price is trading into uncharted waters, the Fibonacci extensions […]
19/01/2024

EURCHF Wave Analysis

EURCHF broke resistance level 0.9410 Likely to rise to resistance level 0.9500 EURCHF currency pair recently broke the key resistance level 0.9410 intersecting with the 50% Fibonacci correction of the previous downward impulse from December The breakout of the resistance level 0.9410 accelerated the active short-term ABC correction 4. Given the strong Swiss franc sales […]