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Markets The Chinese Politburo’s announcement around the end of Asian dealings and the beginning of European ones was quite an opener of the trading week. Led by president Xi Jinping, the country’s top leaders signaled bolder support for next year. The “extraordinary countercyclical” measures included, amongst others, a change in the monetary policy stance from […]

The post Sunset Market Commentary appeared first on Action Forex.

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16/04/2024

CADJPY Elliott Wave : Forecasting the Rally After 3 Waves Pull Back

In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs. Recently the pair has given us 3 waves pull back that found buyers right at the […]
21/11/2024

NZD/USD Under Pressure Amidst USD Strength

The NZD/USD pair is trading near 0.5879, experiencing volatility as the market awaits the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate cut, with a 50-basis-point reduction considered the baseline scenario and a 25% probability of a more aggressive 75-basis-point cut. Adding to the uncertainty are pessimistic projections […]
12/01/2024

Dollar a Tad Softer in Uninspired Trading

Markets Yesterday’s above-consensus US CPI numbers highlight the bumpy nature of the disinflationary process. It was reason enough for the likes of Barkin (Richmond Fed) and Mester (Cleveland Fed) to stay cautious. Both want more evidence with the latter stating that March is probably too soon for a rate cut. Goolsbee (Chicago) bluntly stated that […]