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Euro rebounds as French election fears ease June PMIs to come into the spotlight amid more cautious ECB Flash estimates are due on Friday at 08:00 GMT Calmer week for the euro after French turmoil European assets are having a better week following the market panic sparked by the rise of the far right across […]

The post Euro on Firmer Footing ahead of Flash PMIs as French Risks Subside appeared first on Action Forex.

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07/12/2023

WTI Oil Futures: Is the Sell-off Overdone?

WTI oil futures test critical 2023 support zone Technical signals point to oversold levels Sellers await a weekly close below 70 WTI oil futures were sold dramatically on Wednesday, extending their weekly losses to a more than a four-month low of 69.10. The bears are leading for the seventh consecutive week, increasing speculation that a bullish […]
26/03/2024

Gold (XAUUSD) Looking to Do Larger Degree Correction

Short Term Elliott Wave view in Gold (XAUUSD) suggests that Gold ended the cycle from 12.13.2023 low. Rally from 12.13.2023 low unfolded as an impulse. Up from there, wave ((i)) ended at 2088.48 and dips in wave ((ii)) ended at 1984.37. The metal then resumed higher in wave ((iii)) towards 2195.15 as the 1 hour […]
23/04/2024

Focus on April PMIs Today

In focus today In the euro area, focus today will be on the euro area PMIs for April. The previous months’ PMIs have shown a return of the two-speed economy with the service sector in expansionary territory and manufacturing sector stuck in contraction. We expect that service PMIs will remain above 50 as rising real […]