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Markets Odds this morning were for markets to take a slow start to the new trading week after last week’s sharp (divergent) repositioning on both sides of the Atlantic. Fed Chair Powell on Friday in a ‘last-minute’ assessment before the black-out period in the run-up to the March 19 Fed meeting, kept a wait-and-see-approach. Powell […]

The post Sunset Market Commentary appeared first on Action Forex.

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23/09/2024

NZDJPY Wave Analysis

NZDJPY rising inside corrective wave ii Likely to rise to resistance level 91.65 NZDJPY currency pair continues to rise inside the minor corrective waves ii, which started earlier from the powerful support level 87.00, which has been reversing the price from the end of October. The active wave ii belongs to the downward impulse sequence […]
08/02/2024

A Modest Sliver Lining for China and Hong Kong Stock Markets

China’s CPI continued to deflate in January to -0.8% y/y from -0.3% y/y in December 2023 while the pace of contraction has slowed slightly in PPI (factory gate prices) to -2.5% y/y from -2.7% y/y in December. The spread of PPI over CPI has widened which in turn may see a turnaround in the current […]
02/09/2024

News of the Week (September 2—September 6): USDCAD Trading Focus

USDCAD is setting up for significant market moves—stay alert! The USDCAD pair, often referred to by traders as the “Loonie,” reflects the exchange rate between the US and Canadian dollars. This pair is a vital indicator of the economic ties between the United States and Canada. The US Dollar is primarily influenced by US economic […]