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U.S. Highlights Progress on the inflation front appears to have stalled at the end of the third quarter, as core CPI inflation ticked up, albeit modestly, by 0.1 percentage point to 3.3% year-on-year in September. Initial jobless claims surged higher by last week, as states affected by Hurricane Helene (FL, NC) and the ongoing Boeing […]

The post The Weekly Bottom Line: Rates to Fall, But Not So Fast appeared first on Action Forex.

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03/09/2024

EURJPY Eases from 38.2% Fibonacci

EURJPY may find significant resistance at 164.00 Rebound off 7-month low still holds RSI heads down below 50 level MACD recovers above its trigger line EURJPY is currently heading south following the unsuccessful battle with the 162.30 resistance level, which is the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40. However, […]
18/12/2023

Bitcoin and Ether Set to Deepen Correction

Market Picture The crypto market has started the new week with a correction sentiment, reducing capitalisation by 3% to $1.54 trillion in the last 24 hours. As is often the case with intense moves, Bitcoin looks more stable than the market, losing only 1.8% to $41.1K. Ethereum is down 2.3% to $2160. Bitcoin is once […]
07/06/2024

GOLD (XAUUSD) Elliott Wave: Forecasting the Path

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of GOLD (XAUUSD) , published in members area of the website. As our members know, GOLD ended cycle from the 2314.99 low as 5 waves structure. The commodity is now giving us pull back against the […]