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Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has revived the “higher for longer” interest rates environment. Higher commodities prices led by oil may see an uptick in US […]

The post SPX 500: Fed Dovish Pivot Narrative is at Risk appeared first on Action Forex.

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14/03/2024

Canadian Dollar Seeks Opportunities for Growth

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen. Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth increased by 1.8%, or 300 billion Canadian dollars, smoothing out the decline seen in the previous quarter. This increase can […]
28/06/2024

Elliott Wave Intraday Analysis Looking for USDCHF to Correct in Wave 2

Short Term Elliott Wave in USDCHF suggests pair ended the move down from 5.1.2024 high as wave (1) at 0.882. Wave (2) corrective rally is now in progress to correct cycle from 5.1.2024 high. Internal subdivision of wave (2) is unfolding as a zigzag Elliott Wave structure. Up from wave (1), wave ((i)) ended at […]
06/03/2024

Gold Price Surges Above $2,100, Bitcoin Sets New ATH

Key Highlights Gold rallied above the $2,080 and $2,100 resistance levels. A connecting bullish trend line is forming with support at $2,045 on the 4-hour chart. Bitcoin extended gains above the $68,800 resistance. Ethereum bulls seem to be aiming for a move toward $4,000. Gold Price Technical Analysis Gold prices started a fresh increase from […]