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In focus today Swedish September LFS is expected to show a small increase in the unemployment rate to 8.4 % SA. That said, we will rather keep an eye on employment and hours worked which should recover after the summer lull. Economic and market news What happened overnight In China, Q3 GDP grew 4.6% y/y […]

The post Tensions Rise After Killing of Yahya Sinwar appeared first on Action Forex.

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Elliott Wave Intraday View: S&P 500 Futures (ES) Wave 5 In Progress

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GBP/USD Takes Hit While USD/CAD Remains in Uptrend

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11/01/2024

Rising (US) Yields Should Provide a Bottom for Dollar

Markets ECB’s Schnabel triggered some unexpected market action yesterday. The German board member lived up to her hawkish reputation by noting that talk about rate cuts is premature. That’s more so because the recent decline in bond yields, exactly because of rate cut expectations, have loosened financial conditions more than thought. Combined with sentiment indicators […]
04/04/2024

Gold Rally Turns Golden After Another Record

Gold unlocks fresh all-time high Bullish wave could stabilize, but perhaps temporarily Gold has been in an uninterrupted record rally over the past week, ticking to a new high of 2,304 before losing some steam early on Thursday. While investors continue to debate the longevity of the bullish wave as the rate cut scenario remains […]
27/12/2023

NZDUSD Clocks Fresh 5-Month High; Looks Overbought

NZDUSD stages a steady recovery from 2023 lows But momentum indicators warn of overbought risks Is there a pullback in sight? NZDUSD has been in a steep uptrend since its 2023 low of 0.5772, generating consecutive higher highs and a V-shaped recovery pattern. However, the latest advance seems substantially overstretched as the RSI has been within its overbought zone for […]