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Summary United States: Inflation’s Bumpy Descent Continues A slate of price data left the overall inflation picture little changed this week. Consumer prices came in a touch hotter than expected and producer prices came in a touch cooler, but on trend inflation continues to grind lower. With recent progress slower going and upside risks to […]

The post Weekly Economic & Financial Commentary: Inflation’s Bumpy Descent Continues appeared first on Action Forex.

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03/06/2024

Nifty Hits Record, Oil Weakens Post-OPEC Decision

OPEC+ announced on Sunday that it will extend supply cuts to the Q3 but will gradually return barrels to the market over the following 12 months. The fact that OPEC has a clear time in mind for waning its supply cut policy is not supportive of oil bulls. The barrel of US crude fell to […]
02/12/2024

GOLD (XAUUSD) Found Buyers After Elliott Wave Zig Zag Pattern

Hello fellow traders. In this technical blog 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 the pair is showing impulsive bullish sequences in the cycle from the 2537.3 low. Consequently , we were calling for the further […]
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