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The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic environment where some markets flourished while others struggled under significant pressure. From […]

The post Market Year Wrap 2024: Key Highlights and Outlook for 2025 appeared first on Action Forex.

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Yearly Technical Outlook 2025 – AUDUSD, NZDUSD, USDCAD

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10/09/2024

USDJPY Lacks Direction, Looks to US CPI

USDJPY hovers around 20-period moving average (SMA) Some upside momentum still present Next move will likely depend on US CPI report USDJPY is consolidating around its 20-period SMA after the rebound from the one-month low of 141.76 quickly ran out of steam. The RSI is fluctuating right beneath the 50-neutral mark, but the MACD continues […]
27/01/2024

Weekly Economic & Financial Commentary: Almost Everything Coming Up Roses

Summary United States: Almost Everything Coming Up Roses Data released this week garnered further optimism that the economy can power through the Federal Reserve’s efforts to corral inflation—an endeavor the Fed could increasingly be construed as achieving. Economic activity ended the year on better footing than expected, and inflation continued its deceleration. Next week: Construction […]
18/04/2024

WTI Wave Analysis

WTI reversed from resistance zone Likely to fall to support level 80.00 WTI crude oil recently reversed down from the resistance zone lying between the resistance level 86.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from December. The downward reversal from this resistance zone started the active minor ABC […]