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The Fed cut rates by 25bp in its November meeting, as widely expected. Powell delivered practically no new policy signals. Despite the political uncertainty, Powell affirmed that the Fed remains in a good place with cooling inflation and still stable economy. Market reaction was minimal. Markets price in around 65-70% probability of the Fed delivering […]

The post Fed Review: In a Good Place After All appeared first on Action Forex.

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06/11/2024

S&P 500 Wave Analysis

S&P 500 reversed from support area Likely to rise to resistance level 5850.00 S&P 500 index earlier reversed up from the support area located between the key support level 5695.00 (which reversed the index for 7 consecutive days at the start of October) and the lower daily Bollinger Band. This support area was further strengthened […]
22/08/2024

JP 225 Index: Is There More Upside on the Horizon?

JP 225 index reclaims August’s loss Short-term risk is on the positive side Will the bulls breach the 38,600-39,950 area too? Japan’s 225 stock index (cash) is trading with soft positive momentum on Thursday for the second consecutive day, hitting a three-week high of 38,421. The index has  reversed more than half of its July-August freefall and […]
11/09/2024

EURCAD Two-Year Bullish Sequence extends from the Blue Box

Hello traders, welcome to another trade review blog post where we discuss setups from the blue box. In this one, we will look at a recent setup on the EURCAD. We shared this setup with members of Elliottwave-Forecast. EURCAD has maintained a bullish sequence from the low in August 2022. From that low, the bullish […]