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Global markets experienced a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China’s Standing Committee meeting, the US election and Central Bank Meetings. Wall Street indexes struggled, potentially due to high valuations and AI capital spend. Week in Review: US Jobs Revised Downward After Positive GDP A […]

The post Markets Weekly Outlook – US Elections and Central Banks Lead the Way appeared first on Action Forex.

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Weekly Economic & Financial Commentary: What Goes Up, Must Come Down

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12/11/2024

AUD/USD Stabilises as Traders Await Economic Signals

The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China’s economic stimulus measures, the pair finds a momentary respite as it consolidates recent movements. China’s announcement of a significant debt reduction and support for local governments and economic growth […]
26/03/2024

Bitcoin Perfect Reaction Higher From Blue Box Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD. We presented to members at the elliottwave-forecast. In which, the rally from the 11 September 2023 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to […]
14/11/2024

S&P 500 Index Stabilises Near Resistance Block

The ATR indicator on the S&P 500’s 4-hour chart (US SPX 500 mini on FXOpen) currently shows a reduction in price volatility. This drop in volatility can likely be attributed to: → The market having fully absorbed the impact of Trump’s recent presidential win; → No unexpected news from yesterday’s CPI report, which matched analysts’ […]