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Markets Today started somewhat as expected. French and Spanish September CPI data printed below consensus. French prices fell by 1.2% M/M to 1.5% Y/Y (from 2.2%), the first sub-2% reading since July 2021. Significantly lower fuel prices, but also lower services costs (turnaround after Olympics) drove the move. Spanish inflation was 0.1% M/M lower with […]

The post Sunset Market Commentary appeared first on Action Forex.

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18/12/2023

FTSE 100 Wave Analysis

FTSE 100 reversed from resistance level 7700.00 Likely to fall to support level 7500.00 FTSE 100 index under the bearish pressure after the index reversed down from the resistance level 7700.00 (which has been reversing the index from June) standing above the upper daily Bollinger Band. The resistance level 7700.00 was strengthened by the coinciding […]
12/04/2024

Cryptocurrencies Look Stronger Than Stocks

Market picture The crypto market continues to avoid gaining momentum on the upside but remains within an uptrend: the bulls fail to accelerate price gains, but the overall upward trend remains. ‘Extreme Greed’ persists in the markets, with the corresponding index at 79. In contrast, the sentiment in the stock markets is almost ‘Neutral’. Bitcoin […]
29/07/2024

WTI Outlook: Oil Price Rises on Growing Geopolitical Tensions But Still Holding Under Key Resistances

WTI oil opened with gap higher on Monday, as supply worries rose after the latest escalation of the conflict in the Middle East, which threatens of deepening crisis. The price bounced from last week’s low, retracing around 50% of Friday’s 2.4% drop, but so far holding within a narrow range. Bearish technical studies on daily […]