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Summary United States: No Fireworks from the June Jobs Report It was a holiday-shortened week for many, but the economic data did not take a break. Nonfarm payrolls increased 206K in June; yet, downward revisions to the prior two months took much of the shine away from the headline gain. The unemployment rate ticked up […]

The post Weekly Economic & Financial Commentary: Because I Was Inverted appeared first on Action Forex.

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18/09/2024

USDJPY Poised for a New Bullish Wave; Will It Succeed?

USDJPY sets the ground for a bullish reversal, but it’s still trapped below key resistance Technical signals cannot rule out more bearish actions; sellers wait below 140 Fed to deliver its first rate cut in four years at 18:00 GMT USDJPY turned green on Tuesday, marking its best daily session in a month after securing […]
12/09/2024

EUR With Potential Weakness Ahead of ECB Decision: EURUSD and EURJPY

Fundamental Analysis Today, September 12, 2024, the European Central Bank (ECB) is expected to cut interest rates by 60 basis points, marking a significant adjustment in its monetary policy. The main refinancing rate could drop to 3.65% in response to slowing inflation, which reached 2.2% in August. This move reflects growing concerns about the eurozone’s […]
14/05/2024

Elliott Wave Intraday on DAX Shows Incomplete Bullish Sequence

Short Term Elliott Wave in DAX suggests that the Index ended wave (4) pullback at 17626.54. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 18226.32 and dips in wave ((ii)) ended at 17795.96. The Index then nested higher within wave […]