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Even though Donald Trump’s tariff threats on China, Mexico and Canada didn’t concern Europe, the feeling in Europe was far from being comfortable yesterday. The word tariff gives cold chills especially to the European carmakers that already found themselves in crossfire with China. As such, Stellantis lost more than 5% yesterday while Volkswagen tanked another […]

The post Ceasefire Gives Hope, US Data in Focus Before Thanksgiving appeared first on Action Forex.

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04/04/2024

Bitcoin Price At Risk of More Downsides Below $65K

Key Highlights Bitcoin price started a fresh decline below $69,000 and $68,000. BTC traded below a key bullish trend line with support at $68,350 on the 4-hour chart. Crude oil price rallied further above $85.00. Gold price also climbed higher toward the $2,300 level. Bitcoin Price Technical Analysis Bitcoin price failed to stay above $70,000 […]
09/10/2024

Elliott Wave Intraday View in GBPJPY Looking for Further Upside

Short Term Elliott Wave View in GBPJPY suggests that cycle from 9.11.2024 low is currently in progress as a zigzag. Up from 9.11.2024 low, wave A ended at 195.97. Pullback in wave B also unfolded as a zigzag Elliott Wave structure. Down from wave A, wave ((a)) ended at 190.96 and wave ((b)) ended at […]
22/10/2024

Japanese Election Could Hold Key to Next BoJ Hike

Japanese snap election will be held on Saturday, October 27 Governing LDP party vying for another win but outcome uncertain BoJ’s outlook could be clouded if LPD doesn’t achieve majority Yen could suffer if the new government focuses more on fiscal policy Japan holds elections on October 27 Just a few days before the key […]