Logo-color Logo-white

In focus this week Today is set to be a quiet start of the week, without major market movers on the data front. We continue to await Israel’s response to the Iranian missile attack on 1 October, which will determine whether we will see a further escalation of the conflict in the region. According to […]

The post Thursday’s ECB Meeting Main Event This Week appeared first on Action Forex.

previous

EUR/USD Dives To 1.0900: Can It Stage a Recovery?

next

Dollar Index With Strong Support at 101.80 -102

Read More

27/08/2024

Elliott Wave Intraday Shows Bullish Sequence in GBPUSD

GBPUSD recently broke above previous peak on 7.14.2023 high at 1.3143 and shows a higher high bullish sequence from 9.26.2022 low. This leaves no doubt about the right side and direction of the pair which is higher. Near term, rally from 4.22.2024 low is ongoing as a 5 waves impulse Elliott Wave structure. Up from […]
05/04/2024

Why Does 10-year US Yield Remain so High?

The 10-year US yield is a key determinant of FX moves It tends to drop when the Fed prepares to cut its interest rates Despite market expectations about the Fed, the 10-year US yield remains high A stock market correction could be a catalyst for a sizeable drop in US yields The 10-year US yield […]
26/01/2024

WTI Wave Analysis

WTI broke key resistance level 75.00 Likely to rise to resistance level 79.15 WTI crude oil recently broke the key resistance level 75.00 (which has been reversing the price from the end of December). The breakout of the resistance level 75.00 coincided with the breakout of the 61.8% Fibonacci correction of the previous sharp downward […]