Logo-color Logo-white

In focus today In the US, April industrial production data is due for release. In the euro area, industrial production data for March and employment growth for Q1 are scheduled for release. The current strong labour market gives upside risks to wage growth and thereby domestic inflation. In Denmark, the government will publish an update […]

The post Scandi Inflation Expectations on Today’s Menu appeared first on Action Forex.

previous

GBP/USD Kickstarts Fresh Surge Amid Sharp Decline In Dollar Value

next

Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

Read More

19/06/2024

AUDUSD: Strong Zone

In the Daily Timeframe, AUDUSD started a short-term bullish trend after a long-term decline. The price has reached the critical 61.8 Fibonacci resistance area, and despite the growing bullish sentiment, two scenarios should be considered. If the bulls push the price above 0.6680, the upside target will be 0.6760; A rebound from the resistance will […]
13/12/2023

Crypto Continued Retreat

Market picture The total capitalisation of cryptocurrencies has declined by almost 2% to $1.54 trillion in the past 24 hours. This is still a move in the opposite direction relative to the US and European indices, which are rising. Given that the current year is marked by impressive growth in cryptocurrencies, profit-taking looks like a […]
27/06/2024

WTI Crude Oil Moves Sideways in Near Term

WTI crude oil fails to rally above 81.90 RSI and MACD remain above mid-levels WTI crude oil has been on the sidelines for the most part of the week as the 81.90 level seems to be a real struggle for the bulls. Technically, the price could gain some ground in the short-term as the RSI is changing […]