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The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step forward in May, rising to -3.6, up from -5.9 in April and was […]

The post Euro Edges Higher as Eurozone Data Improves appeared first on Action Forex.

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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 […]
19/08/2024

Markets Await Powell’s Jackson Hole Speech Later This Week

In focus today This week starts rather quietly on the data release front. The only event in our calendar is Fed’s Waller (voting member) speaking this afternoon. The Democratic National Convention kicks off today, and Kamala Harris is expected to be elected as the democratic presidential candidate later in the week. Early Tuesday, China will […]
06/04/2024

BoC to Hold the Line on Interest Rates on Mixed Economic Data

The Bank of Canada is widely expected to leave interest rates unchanged for a sixth consecutive policy decision on Wednesday. We expect the wording of the policy statement to leave options open for how long it plans to leave interest rates at current levels before pivoting to cuts. Economic data since the last interest rate […]