Logo-color Logo-white

Natural Gas: ⬇️ Sell Natural Gas broke support zone  Likely to fall to support level 240.00 Natural Gas recently broke the support zone between the support level 3.600 (which stopped the previous wave B) and the 50% Fibonacci correction of the previous ABC correction (B) from April. The breakout of this support zone accelerated the […]

The post Natural Gas Wave Analysis appeared first on Action Forex.

previous

Sunset Market Commentary

next

GBP/USD Rallies on Brexit Reset Deal, Dollar Weakness

Read More

08/05/2024

April CPI Preview: The Clock Is Ticking for a September Cut

Summary A string of uncomfortably-hot inflation readings in the first quarter leaves a narrow window for inflation to downshift before a late summer rate cut by the Federal Open Market Committee (FOMC) is no longer on the table. We expect the April CPI report to demonstrate that while inflation is not as sticky as the […]
10/09/2024

ECB Policy Meeting: Another Rate Cut and Emphasis on September’s Data

ECB widely expected to deliver a second rate cut to 3.50% September’s data could be important for October’s meeting EURUSD looks bearish; next support could develop near 1.0990 Spotlight turns to economic growth too Inflation is no longer the sole focus, as economic growth has gained equal importance, although central banks still prioritize maintaining symmetrical […]
13/03/2024

Hotter-Than-Expected Inflation Will Likely Call for Caution at Next Week’s FOMC Meeting

Inflation in the US accelerated, not only in terms of monthly headline figure but everywhere, both core and headline, and both yearly and monthly figures came in hotter-than-expected. While gasoline prices counted among the major drivers of monthly inflation, shelter, electricity, used cars, air travel and clothes remained the major drivers of inflation on a […]