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Markets Above-consensus CPI, driven by low 2023 base effects and far more important by (very) strong current price dynamics, sent shockwaves through the bond market yesterday. Ongoing economic resilience and a more than healthy labour market combined with sticky price pressures (January and February were NOT a blip) raise serious questions to the Fed’s ability […]

The post ECB Meets Today But the Decision Itself (Status Quo) Won’t Be Surprising appeared first on Action Forex.

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12/09/2024

Elliott Wave Intraday Analysis Expects DAX to Turn Higher Soon

Short Term Elliott Wave view on DAX suggests that the Index is correcting cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher. The pullback on 8.5.2024 towards 17024.6 ended wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as an impulse Elliott Wave structure. Up from […]
08/07/2024

AUD/USD Hits Six-Month High Amid RBA Rate Hike Speculations

The AUD/USD pair reached a six-month high of 0.6752, marking its fifth consecutive day of gains. The currency’s strength is largely driven by market expectations that the Reserve Bank of Australia (RBA) might diverge from the global trend of lowering interest rates, raising them in response to escalating inflation pressures. May’s CPI figures have intensified […]
27/05/2024

USD/JPY Analysis: The Market is Indecisive Near Its Peak Since May 1

As the USD/JPY chart shows today: → The price is in an upward trend (indicated by the blue channel) that has been relevant since the beginning of 2024. → On Thursday, May 23, the exchange rate nearly reached 157.2 yen per US dollar, surpassing the peak of May 14. → Following this, the market began […]