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US inflation came in slightly above expectations, but a jump in weekly jobless claims shifted the focus to the need for further policy easing, dampening speculation that the Fed may not cut rates in November. Consumer prices rose 0.2% m/m in September, the same as the previous month, while annual inflation slowed from 2.5% to […]

The post US Data: Stubborn Inflation vs Jobs Warning Bell appeared first on Action Forex.

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12/06/2024

Elliott Wave Intraday Analysis: S&P 500 (SPX) Sequence Remains Bullish

Short Term Elliott Wave in S&P 500 (SPX) suggests the rally from 4.20.2024 low is in progress as an impulse. Up from 4.20.2024 low, wave 1 ended at 5341.88 and pullback in wave 2 ended at 5191.68. Internal subdivision of wave 2 unfolded as a double three Elliott Wave structure. Down from wave 1, wave […]
06/11/2024

USDJPY Cheers as Trump Leads Election Race

USDJPY hits fresh highs as Trump wins battleground states Resistance of 153.80-154.00 still in play USDJPY soared to a new three-month high of 154.36 as Donald Trump won Pennsylvania, Georgia, and North Carolina. Technically, the pair found solid support near its 20-day exponential moving average (EMA), keeping its upward trend in safe place. That said, […]
21/03/2024

USDJPY Reaction to Fed and BoJ Decisions

Fed and BoJ decisions have some impact on USDJPY Daily chart shows some weakness for the next few sessions But weekly chart looks strongly bullish FOMC decision drives dollar lower The dollar declined following the FOMC meeting on Wednesday, as Federal Reserve Chair Powell adopted a more accommodative stance. Policymakers have maintained the dot plot’s view for this year, […]