Logo-color Logo-white

Short Term Elliott Wave view in Nikkei (NKD) suggests pullback to 38136 on 3.12.204 low ended wave 4. Index then turns higher in wave 5. The rally from 3.12.2024 low is in progress as a 5 waves impulse. Up from wave 4, wave ((i)) ended at 39055. Pullback in wave ((ii)) ended at 38155 as […]

The post Nikkei (NKD_F) Looking to End Impulsive Rally appeared first on Action Forex.

previous

WTI Oil Outlook: Takes a Breather after Monday’s 1.40% Advance

next

Oil: Russia-Ukraine Crisis Could Boost Oil Prices

Read More

02/08/2024

Canada’s July Employment Report Will Confirm a Weaker Labour Market

The Canadian jobs report for July next Friday is expected to show more softening in the labour market. Employment gains have already slowed substantially into the summer, and we expect July will be no exception with 15,000 new jobs added. Against a still rapidly rising population, the unemployment rate will likely have ticked higher again […]
07/03/2024

USDJPY Correction Picks up speed

USDJPY is edging aggressively lower today and closing in on a key support area This is the bears’ first attempt to push USDJPY significantly below the 150 level Momentum indicators support the current correction USDJPY is recording its third consecutive red candle as recent comments by BoJ members are potentially opening the door to a monetary […]
19/12/2023

BoJ on Hold

In focus today Today, euro area final HICP data for November will be released. With all the details out, it will be interesting to see what drove the downtick in inflation in November. In the US, we will get housing starts and building permits for November. On the central bank front, we have a few […]