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In focus today Today focus in the euro area will be on minutes from the December ECB meeting. As for data releases Thursday looks rather light, however in the US the Philly Fed Manufacturing Index comes out. Consensus expects an improvement. A few central bankers are scheduled to speak today with SNB chairman Jordan speaking […]

The post Lagarde Pushes Back Against a Springtime Cut appeared first on Action Forex.

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21/05/2024

EURJPY Wave Analysis

EURJPY broke resistance level 169.40 Likely to rise to resistance level 171.00 EURJPY is currency under the bullish pressure after the recent breakout of the minor resistance level 169.40, which reversed the price last week. The breakout of the resistance level 169.40 accelerated the active impulse wave iii, which belongs to the higher order impulse […]
22/03/2024

AUD/USD and NZD/USD Signal More Losses

AUD/USD declined below the 0.6575 and 0.6550 support levels. NZD/USD is also moving lower and might trade below the 0.6000 zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6600 level against the US Dollar. There was a break below a connecting bullish trend […]
06/08/2024

The Rise and Fall of Copper – Could You Have Caught the Top With These Forecasting Techniques?

Copper has been a hot commodity, literally. If we look at Copper’s price action history on the daily chart, there is a giant spike from the 3.60 to 5.25 area in just a few months. After that, Copper has crashed back down to just 4.10 today shown here. What forecasting techniques could we have used […]