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Markets After a series of mixed European GDP and inflation numbers, some US data hit the market yesterday in late afternoon trading too. June JOLTS job openings were at a higher-than-expected 8.18m, down from an upwardly revised 8.23m. Consumer confidence in the Conference Board indicator picked up from 97.8 to 100.3 in July with an […]

The post Both US Yields and Dollar Trade Little Changed Ahead of Some Key Data appeared first on Action Forex.

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04/03/2024

Gold Wave Analysis

Gold approached key resistance level 2090.00 Likely to correct down to support level 2050.00 Gold today rose sharply after the price broke through the key resistance level 2050.00 (which has been reversing the price from the start of January). The price is currently trading close to the key resistance level 2090.00, former monthly high from […]
05/02/2024

S&P 500 Wave Analysis

S&P 500 broke key resistance level 4930.00 Likely to rise to resistance level 5000.00 S&P 500 index rising inside the minor impulse wave 3 which previously broke above the key resistance level 4930.00 (which stopped the previous minor impulse wave i at the end of last month). The breakout of the resistance level 4930.00 accelerated […]
26/01/2024

AUDUSD Hovers Around 200-day SMA after Decline Halts

AUDUSD pauses short-term retreat at December low Double bottom pattern triggers a rebound, but 200-SMA holds strong Momentum indicators remain heavily tilted to the downside AUDUSD experienced a vast selloff following its December peak of 0.6870, breaking below both its 50- and 200-day simple moving averages (SMAs). Although the pair managed to halt its retreat at […]