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In focus today From the US, NFIB’s Small Business Optimism index is due for release for September. Markets focus especially on employers’ perception of labour market conditions. Fed’s Bostic will speak this evening. In Sweden, we receive preliminary inflation figures. We expect CPI, CPIF and CPIF excluding Energy to print 0.2% m/m and 1.6% y/y; […]

The post Swedish CPI Figures in Focus Today appeared first on Action Forex.

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17/06/2024

USD/JPY: Bulls Hold Grip for Retest of Pivotal Fibo Barrier

USDJPY firmed further on Monday and partially offset warning from long upper shadow of Friday’s daily candle, as fresh strength looks for retest of pivotal Fibo resistance at 158.22 (76.4% of 160.19/151.85) which capped Friday’s rally. Firm break here to open way towards targets at 160.00/19 (psychological/2024 high, posted on Apr 29). Technical picture on […]
05/07/2024

Bitcoin (BTCUSD) Found Sellers After Elliott Wave Zig Zag Pattern

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Bitcoin ( BTCUSD). As our members know, Bitcoin is correcting the cycle from the 25068 low, and we have been predicting a price decline. Recently, we observed a bounce against the June 7th peak. This […]
05/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum. Price could potentially continue this bearish trend towards the 1st support at 103.02, which is identified as an overlap support. This level may act as a significant area where buying interest could emerge and potentially provide some support for the DXY. If […]