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Not the most thrilling start to the week but that’s to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of last week was quite the ride, with the Fed going further than many expected on rate cuts for next year, […]

The post Central Banks Look to Spoil the Party, BoJ Eyed Tonight appeared first on Action Forex.

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Euro Stabilizes Despite Weak German Business Confidence

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NIKKEI (NKD_F) Forecasting The Rally After 3 Waves Pull Back

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05/12/2023

Gold Falls from Record High by $100 in 1 Day

The record high of about USD 2,130 an ounce was set just after the weekend in low-liquid Asian markets. By the nature of the movement, it looked more like a cascading triggering of sellers’ stop losses, rather than finding a stable balance between supply and demand, since after the candle with a long upper tail, […]
09/04/2024

SPX Perfect Buying Opportunity At The Blue Box Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from the 05 January 2024 low unfolded as an impulse structure and showed a bullish sequence. Suggested that the index should see more upside extension […]
22/05/2024

Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles

GBP/USD is gaining pace above the 1.2640 resistance. EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2700. There is a key bullish trend line forming with support near 1.2690 on the hourly chart of GBP/USD at […]