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Markets Core bonds are dropping at the start of the week and no one really knows why. It’s obviously not the constructive risk environment. European stocks shed about 1% at some point before paring losses to 0.5%. Wall Street opened marginally lower, be it near the record highs. There’s an interesting sectoral divide though with […]

The post Sunset Market Commentary appeared first on Action Forex.

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13/08/2024

Elliott Wave Intraday Analysis: FTSE should Continue Higher

Short Term Elliott Wave in FTSE suggests that the index has completed a bearish sequence from 5.15.2024 high. The decline made a zig zag Elliott Wave structure. Down from 5.15.2024 high, wave A ended at 8106.79 low. Rally in wave B ended at 8405.24 high with internal subdivision as an expanded flat structure. Up from […]
24/10/2024

EURJPY: Trade Projection

The EURJPY pair hit a new 14-week high near 164.50 during the European session on Wednesday. This rise comes even as some European Central Bank (ECB) officials hint that the Deposit Facility Rate, currently at 3.25%, might drop below neutral levels due to worries about low economic growth in the Eurozone. Officials believe inflation could […]
27/08/2024

GBP/USD Technical: Sterling Bulls in Control

BoE Governor Bailey’s speech at the Jackson Hole Symposium reiterated BoE’s cautionary dovish monetary policy stance. Short-term interest rate markets are likely to price in a shallower and slower interest rate cut cycle in the UK. The potential further widening of the 2-year yield premium of UK gilts over US Treasury notes may support a […]