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A week rich in macroeconomic data contributed to the decline of the euro, yen, and pound. Notably, the following events were significant: Inflation falling for the second consecutive month (0.2% against the expected 0.3%); The publication of the updated forecast from the Federal Reserve (one reduction in the federal funds rate by 0.25%, presumably in […]

The post European Currencies Adjust to Support Levels: Is Growth Possible? appeared first on Action Forex.

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03/07/2024

Cable Ready to Correct Deeper Going into UK Elections

Cable is turning south for the last few weeks, as price stopped at the trendline connected from 2023 high so we certainly should not be surprised by current retracement. Break below the channel support also confirms a corrective phase for the pound, against the previous five wave rise, especially after latest UK CPI figures and […]
15/03/2024

Bitcoin Could Correct to $60K

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Elliott Wave Intraday Analysis: S&P 500 (SPX) Sequence Remains Bullish

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