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It’s finally Wednesday, likely the most important day of the week as we await the Fed’s decision. Expectations are for a 25-basis-point cut, but the real focus will be on the press conference and whether they deliver hawkish remarks. As you know, the US economic projections for next year are quite strong, so there may […]

The post Elliott Wave Structure Pointing for Higher USD Today, But FEDs Decides appeared first on Action Forex.

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17/09/2024

GBPUSD Wave Analysis

GBPUSD reversed from support zone Likely to rise to the resistance level 1.3255 GBPUSD currency pair continues to rise strongly after the earlier upward reversal from the support zone set between the support level 1.3020 (former resistance from July) and the 38.2% Fibonacci correction of the upward impulse from August. The upward reversal from this […]
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German Business Climate Worse Than Expected; Euro/Pound Under Pressure

The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on average, were expecting a further increase to confirm the more positive PMI reading released last […]
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Aussie Forming Bullish Triangle, Looking for a Break Higher

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