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In focus today In Germany, we await the final April inflation data, which includes all the sub-categories of the CPI index. These will be particularly interesting as core services inflation rose much more than expected in April and will allow us to see if it was mainly due to the timing of Easter or a […]

The post Final Inflation Figures in the Spotlight appeared first on Action Forex.

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GBP/USD Edges Higher as EUR/GBP Loses Ground

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22/04/2025

Dollar Index (DXY) Faces Continued Downtrend in Elliott Wave Bearish Pattern

The Dollar Index (DXY) has experienced a significant decline since President Trump’s tariff war intensified global trade tensions. From its peak on September 26, 2022, the Index has exhibited a clear bearish sequence. This decline aligns with an Elliott Wave structure, offering insights into potential future price action. The current bearish sequence is unfolding as […]
22/03/2024

USD/JPY Could Extend Rally As Dips Turn Attractive

Key Highlights USD/JPY rallied above the 148.80 and 150.00 resistance levels. A connecting bullish trend line is forming with support at 150.50 on the 4-hour chart. Crude oil prices corrected gains and traded below $81.50. Bitcoin attempted a fresh increase above the $65,000 resistance zone. USD/JPY Technical Analysis The US Dollar started a major increase […]
30/11/2023

GBPCHF Wave Analysis

GBPCHF reversed from resistance level 1.1130 Likely to fall to support level 1.1050 GBPCHF currency pair recently reversed down from the pivotal resistance level 1.1130, which stopped the previous minor correction 2 at the start of this month, as can be seen below. The resistance level 1.1130 was strengthened by the upper daily Bollinger Band […]