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Risk appetite got another hit yesterday after the US ADP report printed a weaker-than-expected number. The data suggested that the US economy added only 99K new private jobs last month, significantly less than 144K pencilled in by analysts, and lower than last month as well, even after the downside revision of last month’s figure to […]

The post The Data that Could Tip Fed’s Hand appeared first on Action Forex.

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13/08/2024

Brent Crude Oil Analysis

Brent crude oil reversed from support zone Likely to rise to resistance levels 81.60 and 84.00 Brent crude oil recently reversed up from the support zone set between the strong support level 77,00 (which has been reversing the price from January) and the lower daily Bollinger Band. The upward reversal from this support area created […]
31/10/2024

US GDP Update Came in Slightly Softer Than Expected

European and US markets nosedived yesterday on the back of ‘good news is bad news’ and the futures hint at a bearish start to Thursday’s session. First, Spain, France and Germany revealed better-than-expected growth numbers in Q3. Germany even eked out an unexpectedly positive figure, which certainly helped – I wouldn’t say ‘to improve’ the […]
06/12/2023

NIKKEI Futures (NKD_F) Found Buyers At The Blue Box

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NIKKEI Futures published in members area of the website. As our members know NIKKEI Futures has recently made pull back that has unfolded as Elliott Wave Double Three Pattern. It made clear 7 swings from […]