Logo-color Logo-white

Markets The ‘waiting game’ continued today in Europe and at the onset of the US trading session, counting down in the first place to today’s BLS payrolls revisions and to the Minutes of the Fed July 31 policy meeting later today. Even the $16 bn sale of 20-y US Treasuries might provide some insight on […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

GBP/USD Hits 1-Month High, UK PMIs Next

next

GBPUSD Wave Analysis

Read More

15/03/2024

Weekly Focus – Will SNB Lead the Way in Cutting Cycle?

US inflation data was the centre of attention this week for financial markets, as price pressures remain elevated. Monthly core CPI inflation of 0.4% for the second consecutive month is too high for the Fed as strong wage growth pushes service prices higher at an annualised 7% pace. Markets zigzagged somewhat on the release but […]
12/08/2024

EUR/USD Looks Upward: Is A Breakout Imminent?

Key Highlights EUR/USD is aiming for a fresh increase above the 1.0930 resistance. A key declining channel is forming with resistance at 1.0925 on the 4-hour chart. GBP/USD is eyeing a recovery wave above the 1.2800 resistance zone. Oil prices are gaining pace for a move above the $77.00 resistance. EUR/USD Technical Analysis The Euro […]
07/03/2024

Dollar Index (DXY) Should Continue Lower

Short Term cycle in Dollar Index (DXY) shows an incomplete bearish sequence from 2.14.2024 high favoring further downside. Down from 2.14.2024 high, wave 1 ended at 103.43 as an impulsive structure. Wave ((i)) ended at 104.18 and wave ((ii)) ended at 104.67. Wave ((iii)) lower ended at 103.79 and rally in wave ((iv)) ended at […]