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Bullish Scenario: Buying above 4980 with TP1: 4993, TP2: 5005, and TP3: 5014 (Intraday levels). TP (Swing Trading): 5031.90, 5045.66, and 5054. It is recommended to set a stop loss (S.L.) below 4965 or at least 1% of the account capital**. Bearish Scenario: Selling below 4960 with TP1: 4935, TP2: 0.6487, and TP3: 4924 (Intraday […]

The post S&P 500 (US500): Consolidates in Buying Zone. Watch for a Surge Towards 5000 Intraday appeared first on Action Forex.

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19/09/2024

Sunset Market Commentary

Markets The Bank of England left its policy rate unchanged at 5% in a 8-1 majority vote. Swati Dhingra dissented in favour of a 25 bps rate cut, on the back of last month’s inaugural move. The central bank also announced an intention to reduce the stock of UK government bond purchases held for monetary […]
22/01/2024

USD/JPY: Yen Pauses in Anticipation of Bank of Japan’s Decision

In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today or tomorrow due to the Bank of Japan’s meeting, […]
24/04/2024

AUD/USD Extends Gains as Inflation Higher Than Expected

The Australian dollar has edged higher on Wednesday. In the European session, AUD/USD is trading at 0.6504, up 0.27%. The Australian dollar rose as high as 0.6529 (0.64%) after the Australian inflation release but has pared about half of those gains. Australia’s inflation dips less than forecast Australia’s inflation rate slowed less than expected in […]