Logo-color Logo-white

In focus today The key PMI index for February is scheduled for release today across most major economies. Our focus will be on the data from the euro area in particular. The rise in euro area manufacturing PMI from 45.1 to 46.6 in January was welcome news after the weak second half of 2024. We […]

The post Eyes on PMIs and the German Federal Election this Sunday appeared first on Action Forex.

previous

USD/JPY Nosedives—Can Bulls Prevent a Bigger Collapse?

next

Crypto Market Completes Initial Rebound, Nearing Key Resistance

Read More

19/12/2023

EURJPY Retraces Higher as 200-day Holds Ground

EURJPY falls sharply but the 200-day SMA acts as a strong floor Repeated failure to violate the latter triggers an upward spike Momentum indicators improve, but remain in negative zones EURJPY had been experiencing a steep pullback from its recent 15-year peak of 164.28, which ceased at the crucial 200-day simple moving average (SMA). In today’s session, […]
17/07/2024

Platinum (PL) Looking to Extend Higher

Platinum (PL) is still looking to resume the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave chart for the metal. Platinum (PL) Monthly Elliott Wave Chart Monthly chart of Platinum above shows Grand Cycle […]
13/12/2023

Crypto Continued Retreat

Market picture The total capitalisation of cryptocurrencies has declined by almost 2% to $1.54 trillion in the past 24 hours. This is still a move in the opposite direction relative to the US and European indices, which are rising. Given that the current year is marked by impressive growth in cryptocurrencies, profit-taking looks like a […]