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Markets Fed Chair Powell signaled last week that the Fed wants additional confirmation that the economy is on a path that should bring inflation back to 2% in a sustainable way, even as inflation developed favorably over the past six months. The labour market in this respect is an important variable. Since the December meeting, […]

The post It Might Take Until Summer for Fed to Start Easing Cycle appeared first on Action Forex.

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EUR/USD Turns Bearish And Might Accelerate Lower

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CADJPY Wave Analysis

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02/04/2024

EURJPY Wave Analysis

EURJPY reversed from resistance level 164.30 Likely to fall to support level 162.00 EURJPY currency pair recently reversed down from the resistance level 164.30, former multi month high from the middle of November. The resistance level 164.30 was strengthened by the upper daily Bollinger Band. EURJPY currency pair can be expected to fall further to […]
12/04/2024

US DJIA Technical: Major US Banks’ Q1 Earnings in Focus Over Adverse Macro Factors

Three major US banks; JPMorgan Chase, Citigroup, and Wells Fargo will report their Q1 2024 earnings results today. JPMorgan Chase is ranked 13th in terms of component weightage in the DJIA. Analysts’ Q1 earnings estimates for these three US banks have been lowered which increases the possibility of positive earnings surprises. Technical analysis suggests a […]
15/02/2024

Gold Plummets Below 2,000

Gold drops to its lowest since mid-December Breaks beneath the crucial 2,000 mark Oscillators point to extreme oversold conditions Gold experienced a massive downward spike in the four-hour chart following the hotter-than-expected US CPI report on Tuesday, dropping to a fresh two-month low. The magnitude of the decline has been reflected in the momentum indicators, […]