Logo-color Logo-white

Auld Lang Syne to 2023 and welcome 2024! Here is a recap of the key highlights that shocked global markets in 2023 and the potential emerging themes to look out for in 2024 as well as my “Chart Of The Year”. 2023 key highlights & cross-assets performances in the past 2 years Fig 1: Cross […]

The post Goodbye 2023 and Hello to a Potentially Volatile 2024 appeared first on Action Forex.

previous

EURUSD Fails Again at Key Resistance Area

next

GBPUSD Begins 2024 in a Muted Tone

Read More

19/09/2024

Fed Delivers ‘Hawkish’ 50bp Rate Cut

In focus today Today we will focus on multiple central bank monetary policy meetings. Norges Bank (NB) will announce its rate decision at 10.00 CET followed by a press conference at 10.30 CET. We believe that NB will keep the policy rates unchanged, and signal that rates will be kept at that level for some […]
05/09/2024

Elliott Wave View on Light Crude Oil (CL) Favoring More Downside

Short Term Elliott Wave in Oil (CL) suggests the decline from 8.13.2024 high is unfolding as a 5 waves impulse. Down from 8.13.2024 high, wave (i) ended at 76.83 and rally in wave (ii) ended at 78.6. The commodity extended lower in wave (iii) towards 72.89 and rally in wave (iv) ended at 74.16. Final […]
15/07/2024

GBP/USD Outlook: Cable Holding Near 1.3000 Barrier Ahead of Powell’s Speech

Cable keeps form tone on Monday and hit new yearly high, trading just ticks under psychological 1.30 barrier. The pair advanced strongly in past two weeks and bulls may start to lose traction on facing headwinds from 1.30 resistance, as daily studies are overbought, and 14-d momentum indicator is turning south at very high levels […]