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US equities rebounded from a selloff earlier in the week, ending slightly higher. However, caution remains due to upcoming economic data releases. The Japanese Yen is heading for its first losing week in six, impacted by a peak in short-position unwinding and dovish BoJ comments. The upcoming week features significant data releases, including US and […]

The post Markets Weekly Outlook – US CPI to Test Markets Following Tumultuous Week appeared first on Action Forex.

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Weekly Economic & Financial Commentary: A Wild Week in a Data Desert

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06/08/2024

An Unlikely Buying Opportunity for US Indices

There is a classic risk aversion in the markets, reminiscent of what we saw some 16 years ago in 2008. The sell-off in U.S. markets does not look extreme yet, although Japanese markets are recording their worst day since Black Monday 1987, and trading has been suspended in Korea, Turkey and Taiwan. The spike in […]
19/03/2024

EURCHF Wave Analysis

EURCHF under bullish pressure Likely to rise to resistance level 0.968 EURCHF under the bullish pressure after the pair broke the key resistance level 0.9600 (which stopped the previous impulse wave i at the start of March). The breakout of the resistance level 0.9600 accelerated the C-wave of the active intermediate ABC correction (2) from […]
02/08/2024

Gold (XAU/USD) Continues to Surge: New Highs as Fed Rate Cut Looms

The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce interest rates. This anticipation has been bolstered by recent signals from the Fed’s July meeting […]