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It’s an important day for the markets with the US CPI release and expectation of 3.1% down from 3.2%, so dollar and us yields can be volatile today on speculations regarding further policy rate decisions from the FED tomorrow. From an Elliott wave perspective, the DXY is still seen in a corrective phase so I […]

The post Dollar Index in a Corrective Wave (4) Rally – Technical Resistance at 104.50 appeared first on Action Forex.

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16/01/2024

USDJPY on the Rise Again

USDJPY tries to switch medium-term outlook to bullish Prices hold within Fibonacci levels Technical signals are positive USDJPY is looking to resume its bullish trend, having softly pivoted near the 50.0% Fibonacci retracement level of the down leg from 151.90 to 140.20 at 146.07. To attract new buyers, the bulls will have to surpass the […]
01/05/2024

ADP Hints at Another Strong NFP on Friday

The monthly ADP labour market report showed that America created 192K new jobs in April, above the forecasted 179K and following +208K in March (revised from 184K). Overall, there was a slight slowdown in wage growth to 5% y/y from 5.1% a month earlier, which is still quite high because of high employment and the […]
22/07/2024

Biden Leaving Election Races Dominates Headlines

Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session of the week. Major US and EMU equity indices lost slightly less than 1.0% (S&P 500 -0.71%, Eurostoxx 50 -0.88%). […]