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US inflation data was the centre of attention this week for financial markets, as price pressures remain elevated. Monthly core CPI inflation of 0.4% for the second consecutive month is too high for the Fed as strong wage growth pushes service prices higher at an annualised 7% pace. Markets zigzagged somewhat on the release but […]

The post Weekly Focus – Will SNB Lead the Way in Cutting Cycle? appeared first on Action Forex.

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07/03/2024

Dollar Index (DXY) Should Continue Lower

Short Term cycle in Dollar Index (DXY) shows an incomplete bearish sequence from 2.14.2024 high favoring further downside. Down from 2.14.2024 high, wave 1 ended at 103.43 as an impulsive structure. Wave ((i)) ended at 104.18 and wave ((ii)) ended at 104.67. Wave ((iii)) lower ended at 103.79 and rally in wave ((iv)) ended at […]
09/04/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9750 Likely to rise to resistance level 0.9845 and 1 EURCHF rising after the recent upward reversal from the support level 0.9750 intersecting with the 38.2% Fibonacci correction of the upward impulse from the start of March. The upward reversal from this support level 0.9750 continues the C-wave of the […]
25/01/2024

GBPCHF Wave Analysis

GBPCHF falling inside minor impulse wave a Likely to fall to support level 1.0900 GBPCHF continues to fall inside the minor impulse wave a of the B-wave which started earlier from the key resistance level 1.1060 (which reversed the pair multiple times in December). The resistance level 1.1060 was further strengthened by the upper daily […]