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The US Dollar (USD) is struggling to gain strength as it begins the last trading day of the third quarter. Investors are closely watching for inflation data from Germany and speeches from key Federal Reserve officials, including Chairman Jerome Powell, later in the day. On Friday, the USD Index fell to its lowest point in […]

The post GBPUSD & EURUSD Outlook appeared first on Action Forex.

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WTI Crude Oil Dips Once More: Is More Weakness Ahead?

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22/08/2024

Elliott Wave Intraday on DAX Favoring Bullish Continuation

Short Term Elliott Wave View suggests rally in $DAX to 18892.92 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three structure where wave (W) ended at 17951.17 and wave (X) ended at 18779.40. Index then resumed lower in wave (Y) towards 17039.47 which completed wave ((4)). The Index has turned higher in […]
12/03/2024

Sterling Loses Ground on Just-Below Consensus Labour Market Data

Markets Friday’s bearish engulfing pattern at record levels for the S&P 500 and Nasdaq (potential short term trend reversal) met with some more weakness in futures trading and at the opening bell, but follow-up losses remained contained to 0.11% and 0.41% respectively as some investors are still looking to buy into every minor dip. Adding […]
24/01/2024

Bitcoin – Extends Losses to More Than 20% After Spot ETF Approvals

Bitcoin falls below $40,000 Is the bitcoin halving priced in? 50 Fib the next test Bitcoin is trading around 2% lower on Tuesday, adding to losses at the start of the week and taking the price below $40,000. The move takes the decline since peaking shortly after the SEC approved spot bitcoin ETFs to more […]