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Markets The shape of the post-US election phase of the Trump trade were already crystal clear before the open of European markets. Donald Trump secured his second term as US president with supplementary institutional comfort of a Senate majority. Even a House majority remains a possible additional pillar to facilitate the implementation of his political […]

The post Sunset Market Commentary appeared first on Action Forex.

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Could Markets Relive 2016 Post-Election Day Performance?

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12/07/2024

The Two Wolves of Monetary Policy

The ‘two wolves’ inside monetary policy are demand shocks and supply shocks. It is important to know which is which. There is a story in Native American folklore that inside each of us are two wolves, one evil, one good. The one that wins – the one you become – goes the saying, is the […]
06/06/2024

EURJPY 5 Waves Impulsive Elliott Wave Rally Favors Upside

Short Term Elliott Wave in EURJPY suggests rally from 5.3.2024 is unfolding as a 5 waves impulse. Up from 5.3.2024 low, wave 1 ended at 170.798. Dips in wave 2 took the form of an expanded Flat Elliott Wave structure. Down from wave 1, wave (a) ended at 170.15 and wave (b) ended at 170.75. […]
24/07/2024

USDJPY Edges Lower Near 2-month Low

USDJPY holds beneath diagonal line Stochastics and RSI suggest more bearish moves USDJPY tumbled to a new two-month low of 154.50 following a significant pullback from the long-term ascending trend line and the 50-day simple moving average (SMA) near 157.90. The stochastic oscillator created a bearish crossover, diving to just above the oversold region, while the RSI is also pointing […]