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EURUSD: No light at the end of the tunnel  EURUSD is down by 4.78% year-to-date and has been stuck in a range since the ECB signaled the end of its rate hike cycle more than a year ago. Despite a boost from a dovish Fed, the euro has struggled due to the ECB’s rate cut policy, […]

The post Yearly Technical Outlook 2025 – EURUSD, GBPUSD, USDJPY appeared first on Action Forex.

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20/12/2023

USD: Initial Claims Data Incoming

The COVID-19 pandemic led to a substantial labor force transformation in the U.S., marked by ‘The Great Reshuffle.’ Over 50 million workers resigned in 2022, continuing the trend from 2021, but by August 2023, resignations tapered to 30.5 million. This reshuffling trend indicates a quest for better work-life balance, higher compensation, and a robust company […]
22/04/2024

USD/JPY in Late Stages of an Impulse Ahead of BoJ This Week

With 10 year US yields experiencing only a three-wave drop from a new high last week down to 4.5%, we should anticipate more gains here. This is likely to be positive for the Dollar, especially against the Jpy. Looking at the USDJPY hourly chart, we see a bullish impulse entering its late stages this week […]
01/04/2024

Gold Wave Analysis

Gold rising inside weekly impulse wave 3 Likely to rise to resistance level 2300.00 Gold rising inside the sharp weekly impulse wave 3, which recently broke the resistance trendline of the daily up channel from November. The breakout of this up channel coincided with the breakout of the key resistance level 2200.00, which stopped the […]