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Markets A surprise but inconclusive outcome of the French parliamentary election after some initial jitters also resulted in an inconclusive market (European) reaction yesterday. As the left group Nouveau Front Populair gained most seats in Parliament (180) they might try to take the initiative, but reaching the support of a 289-majority to execute their own […]

The post We Expect Fed Chair to Hold a Mildly Dovish Tone appeared first on Action Forex.

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WTI Outlook: Correction Should Find Firm Supports at $80 Zone

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26/09/2024

EURUSD Wave Analysis

EURUSD reversed from resistance area Likely to fall to support level 1.1100 EURUSD currency pair recently reversed down from the resistance area between the pivotal resistance level 1.1185 (which has been reversing the pair from August, stopped earlier impulse waves 5 and 1) and the upper daily Bollinger Band. The downward reversal from this resistance […]
22/08/2024

WTI Futures Fall to a 7-Month Low

WTI futures drop to their lowest level since January 17 Momentum indicators are heavily tilted to bearish side  WTI oil futures (October delivery) have been in a steady retreat following their rejection at the 200-day simple moving average (SMA) in mid-August. On Wednesday, the price fell to a fresh seven-month low before finding its feet a tad above the […]
08/06/2024

The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence

U.S. Highlights The U.S. economy added 272k jobs in May, while the unemployment rate ticked up to 4.0%. The ISM Purchasing Managers’ Indexes showed manufacturing activity continued to contract in May, while services activity returned to growth. Central banks in Canada and Europe started to cut interest rates this week, which has heightened the focus […]