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FTSE 100 index falling strongly Likely to fall to support level 7440.00 FTSE 100 index falling strongly after the price failed to break above the major resistance level 7700.00 (which has been repeatedly reversing the index from June of last year). The resistance level 7700.00 was strengthened by the upper daily Bollinger Band and by […]

The post FTSE 100 Wave Analysis appeared first on Action Forex.

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12/03/2024

US: Core Inflationary Pressures Were (Again) Hotter Than Expected in February 

The Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in February, in line with the consensus forecast. On a twelve-month basis, CPI inched up to 3.2% (from 3.1% in January). Energy prices rose 2.3% m/m, largely driven by an uptick in gasoline prices (+3.8% m/m). Conversely, food prices were flat on the month. Excluding food […]
21/03/2024

Japanese Yen (USD/JPY) Hits Four-Month Low

The USD/JPY pair surged to a four-month high as investors recalibrated their expectations for the Bank of Japan’s future actions. The consensus is now that the BoJ’s monetary policy will remain accommodative, even with the shift away from negative interest rates. On Tuesday, the Bank of Japan announced its first interest rate hike in 17 […]
15/08/2024

We Expect Norges Bank on Hold

In focus today Today’s main event will be Norges Bank announcing their policy rate decision. We expect Norges Bank to keep the policy rate unchanged at 4.50%. Developments since June have gone slightly in both directions, so we do not expect Norges Bank to send any new policy signals, but the risk is tilted towards […]