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The world is preparing for the November 5 US presidential election Voting times vary across states but the focus will be on seven key states Candidates need to win most of these swing states to secure victory “Safe” states will be called quickly but the final result might be delayed for days The countdown to the […]

The post Preparing for a US Election Marathon appeared first on Action Forex.

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09/10/2024

Elliott Wave Intraday View in GBPJPY Looking for Further Upside

Short Term Elliott Wave View in GBPJPY suggests that cycle from 9.11.2024 low is currently in progress as a zigzag. Up from 9.11.2024 low, wave A ended at 195.97. Pullback in wave B also unfolded as a zigzag Elliott Wave structure. Down from wave A, wave ((a)) ended at 190.96 and wave ((b)) ended at […]
16/01/2024

EUR/USD: Euro Loses Ground, Key Supports Under Increased Pressure

The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier. Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by rising 55DMA), with firm break here to signal an end of extended consolidation, completion of a double-top (1.10) and further […]
02/05/2024

Powell Did Not Shake Markets

In focus today Today offers a light schedule in terms of tier-1 data releases. Most global markets that were off yesterday due to the International Labour Day are back today. In the US, we will keep an eye out for the preliminary Q1 productivity data. Surprisingly strong productivity growth contributed to the US economy’s stellar […]