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Markets are sideways but volatility can step in if there will be any major news out from the World Economic Forum in Davos, Switzerland. There are a number European central bank officials who noted that markets went to far regarding cut expectations, so it will be interesting to listed ECB President Lagarde later at 16:15CET. […]

The post Elliott Wave Analysis: Dollar Index Approaching Resistance at 104 appeared first on Action Forex.

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13/09/2024

Silver Wave Analysis

Silver reversed from support zone Likely to rise to the resistance level 30.00 Silver recently reversed up from the support zone set between the key support level 28.00 (which also stopped wave A at the start of September) and the lower daily Bollinger Band. The support level 28.00 was strengthened by the 61.8% Fibonacci correction […]
14/03/2024

Focus on Swedish inflation and US Retail Sales

In focus today In the US, February retail sales and PPI are due for release today. Consensus expects a rebound in retail sales after the unusually weak January print, which might have been distorted by heavy seasonal adjustments at the start of the year. Markets will also follow if the sticky price pressures seen in […]
19/07/2024

Canadian Dollar Eyes Retail Sales Ahead of Rate Meeting

The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing. We could see stronger movement in the North American session, with the release of Canadian retail sales. Will retail sales suffer a reversal? Canada’s retail sales is expected to […]