Logo-color Logo-white

 In focus today The minutes from FOMC’s July meeting will be released this evening but given that the meeting was held before the latest weak Jobs report, markets’ main focus remains on the timelier Fed commentary. Inflation data will be interesting to gauge after investors have backed off bets on further rate cuts from the […]

The post Focus on FOMC Minutes and UK CPI appeared first on Action Forex.

previous

Not Convinced Further Correction in (US Tech) Stocks Will Help Dollar

next

Gold at a Pivotal Level – Can Momentum Flip Higher Now?

Read More

25/03/2024

EURUSD Dives Towards 1.0800

EURUSD breaks SMAs to the downside Immediate support at rising trend line MACD and RSI suggest more negative movements EURUSD is showing some strong selling interest over the last couple of days, following the pullback from the 1.0940 resistance level. The price is also falling beneath the 50- and the 200-day simple moving averages (SMAs) […]
18/02/2025

Elliott Wave View: EURUSD Looking to Extend Higher in 5 Waves

Short term Elliott Wave in EURUSD suggests rally from 1.13.2025 low is unfolding as a zigzag structure. Up from 1.13.2025 low, wave A ended at 1.0533 and pullback in wave B ended at 1.021. Wave C higher is in progress with internal subdivision as a 5 waves. Up from wave B, wave (i) ended at […]
07/10/2024

EUR/USD Turns Red, Upsides Could Face Hurdles

Key Highlights EUR/USD started a fresh decline below the 1.1080 support. It traded below a key bullish trend line with support at 1.1145 on the 4-hour chart. GBP/USD declined below the 1.3150 support level. USD/JPY rallied above the 146.50 and 147.20 resistance levels. EUR/USD Technical Analysis The Euro failed to continue higher above 1.1200 and […]