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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.

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27/03/2024

Nasdaq-100 Index Wave Analysis

Nasdaq-100 index reversed from resistance level 18400.00 Likely to fall to support level 18000.00 Nasdaq-100 index recently reversed down from the key resistance level 18400.00 (strengthened by the upper daily Bollinger Band), which has been reversing the index from the start of March. The downward reversal from the resistance level 18400.00 started the active minor […]
17/04/2024

Nikkei (NKD) Has Reached Support Zone

Short term Elliott Wave view in Nikkei Futures (NKD) suggests that rally to 40960 ended wave 3. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 40025 and wave (b) ended at 40805. Wave (c) lower ended at 39285 and this […]
15/05/2024

Preview of RBNZ: Persistent Inflation to Keep the Champagne Stoppered

We expect the RBNZ will leave the OCR at 5.5% at its May Monetary Policy Statement. The RBNZ will likely remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. We don’t see a significant change in the RBNZ’s projections for the OCR – easing still looks like a 2025 affair. Weaker […]