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Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDJPY Forex pair, published in members area of the website. As our members know we have been favoring the long side in YEN pairs. Recently we got a pull back that has made a clear […]

The post AUDJPY Elliott Wave: Forecasting the Path appeared first on Action Forex.

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26/06/2024

EUR: More Rate Cuts “Reasonable” – ECB

European Central Bank (ECB) policymaker Olli Rehn stated on Wednesday that market expectations of the ECB reducing interest rates twice more this year, reaching 2.25% by 2025, are “reasonable,” according to Bloomberg. The Finnish central bank chief emphasized the need to bring inflation back to 2% without significantly hindering economic activity. Following Rehn’s comments, the […]
14/06/2024

German DAX: Torpedoed by Rising Geopolitical Risk Premium in Eurozone

The rising power and influence of the EU’s far-right political parties have spooked European financial markets. A poll has indicated prominent French far-right National Rally party is leading by a significant margin over the incumbent President Macron’s party for the upcoming 1st round of the French legislative election on 30 June. The rapidly rising yield […]
11/12/2023

Fed Decision and US Inflation Data Coming Up

Fed set to hold interest rates steady on Wednesday USD reaction will depend on rate projections for next year Latest US inflation report to be released on Tuesday ahead of Fed How many rate cuts will the Fed signal?  It’s been a great year for the American economy. Real growth is on track to hit […]