Logo-color Logo-white

Oops. Inflation in the US came in hotter-than-expected in September, both on monthly and yearly basis. The headline inflation eased less than expected from 2.5% to 2.4%, while core inflation unexpectedly ticked higher from 3.2% to 3.3%. Nothing looked encouraging in that inflation report for the Federal Reserve (Fed) doves. Some investors found a little […]

The post Disbelief appeared first on Action Forex.

previous

USD/JPY Signals Possible Pullback: Will Bulls Lose Momentum?

next

USDCAD Extends Its Bullish Rally to New 2-month High

Read More

13/09/2024

USD/JPY Struggles To Rebound: What’s Holding It Back?

Key Highlights USD/JPY extended losses and tested the 140.70 level. A connecting bearish trend line is forming with resistance at 143.10 on the 4-hour chart. Gold surged above the $2,530 and $2,550 resistance levels. Oil might aim for a recovery wave toward the $70.00 level. USD/JPY Technical Analysis The US Dollar remained in a bearish […]
15/02/2024

Australia January Labour Force: Seasonality Amplifies a Weak Underlying Trend

Employment: +0.5k (from –62.7k). Unemployment Rate: 4.1% (from 3.9%). Participation Rate: 66.8% (unchanged). January is the most seasonal time of the year for the labour market, and this year was no exception. As we had anticipated, the softening trend in labour market conditions that extended into the new year was amplified by shifting seasonal dynamics […]
03/09/2024

Short Term Elliott Wave Sequence in GBPJPY Calling Further Upside

Short Term Elliott Wave in GBPJPY shows a bullish sequence from 8.5.2024 low, favoring further upside. Rally from 8.5.2024 low is unfolding as a 5 waves impulse. Wave (1) higher ended at 192.01. Pullback in wave (2) unfolded as a zigzag Elliott Wave structure like the 1 hour chart below shows. Down from wave (1), […]