Logo-color Logo-white

I don’t know for the Federal Reserve (Fed) but investors definitely got to the evidence that inflation is on a right path to justify a Fed rate cut sooner rather than later yesterday after the latest CPI report printed a slower-than-expected figures both for headline and core inflation, both on a monthly and on a […]

The post Soft US CPI Boosts Reflation Trade appeared first on Action Forex.

previous

Elliott Wave Favors Further Upside in GBPUSD

next

Japanese Yen Surges: Potential Intervention Amid Inflation Shocks

Read More

29/05/2024

WTI Oil: OPEC+ Likely to Keep Its Production Cut and Further Support the Price

WTI oil price rose further on Wednesday, extending advance into fourth straight day, following strong acceleration on Tuesday, which resulted in a daily gain of 2.1% and close above important barriers at $79.83/$80.00 (200DMA / psychological). Bulls cracked next pivot at $80.52 (Fibo 38.2% of $87.61/$76.13), with close above this level to validate bullish signal […]
14/06/2024

Elliott Wave Intraday Analysis on DAX Looking for Support Soon

Short Term Elliott Wave in DAX suggests the Index is correcting cycle from 4.19.2024 low. The rally from 4.19.2024 low ended wave 1 at 18892.92. Wave 2 pullback is currently in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 18515.84 and wave (b) ended at 18855.05. Wave […]
08/07/2024

Oil Price Update – Oil Prices Fall as Gaza Talks and Hurricane Beryl Take Center Stage

Geopolitical events and weather disruptions are currently the main drivers of oil price fluctuations. OPEC+ production cuts have contributed to tighter oil markets, supporting prices. Can it continue? Technical analysis suggests key support and resistance levels to watch for future price movements. Oil prices have retreated sharply since printing a fresh high on Friday. Gaza […]