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Market movers today The most important data release of the day will the November ISM Manufacturing index from the US. Consensus expects a modest rebound, as several other leading indicators for global manufacturing have shown signs of bottoming out lately, even if the US Flash PMI still ticked lower in November. Manufacturing PMIs are due […]

The post Disinflation Continues in Euro Area appeared first on Action Forex.

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31/01/2024

GBPJPY Wave Analysis

GBPJPY reversed from resistance level 79.15 Likely to fall to support level 184.50 GBPJPY currency pair recently reversed down from the key resistance level 188.55 which has been reversing the price from November, as can be seen below. The downward reversal from the resistance level 188.55 started the active short term impulse wave c. Given […]
03/05/2024

Market Analysis: AUD/USD and NZD/USD Attempt Another Recovery

AUD/USD is eyeing a steady increase above the 0.6555 resistance. NZD/USD is also rising and could extend its increase above the 0.6000 resistance zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar is moving higher from the 0.6465 zone against the US Dollar. There is a connecting bullish trend line forming with […]
17/07/2024

Bitcoin Faces $66K Challenge: Can the Bull Run Continue?

Key Highlights Bitcoin price rallied above the $62,000 and $64,500 resistance levels. BTC is trading above a key bullish trend line with support at $61,550 on the 4-hour chart. Gold bulls are eyeing more upsides above the $2,480 level. USD/JPY is consolidating losses above the 157.50 support. Bitcoin Price Technical Analysis Bitcoin price started a […]