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Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic cycle where a downturn may be already in motion sees the evaporation of the earlier outperformance of the Dow Jones Industrial Average and […]

The post EUR/CHF: Medium-Term Global Risk-Off Kickstarts appeared first on Action Forex.

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Market Analysis: Gold Price Regains Strength While Oil Price Takes Hit

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USD/JPY – Surging Yen Improves to 15-week High

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10/05/2024

GBP/USD Analysis: Pound Recovers After the Bank of England Decision

Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 – 7); → forecast: 0 – 0 – 9; → previous values: 0 – 1 – 8. For the first […]
01/05/2024

OIL (CL_F) Elliott Wave: Incomplete Sequences Forecasting The Path

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we are favoring the long side and recommending members to keep buying the dips in 3,7,11 swings […]
26/06/2024

USD/JPY: Probes Again Through 160.00 Barrier and Hits New Multi-Decade Highs

USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation. Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may intervene to support weakening national currency, with 160 zone seen as a likely trigger. Strong bids were also signaled by long […]