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In focus today Today will be light on the macro front, but in Denmark, focus turns to the release of the retail trade index for March at 8:00 CET. According to our own Spending Monitor, retail spending decreased 2.5% y/y in real terms in March compared to the same month last year. However, this fall […]

The post A Busy Week of Prominent Data Releases appeared first on Action Forex.

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13/11/2024

All Eyes on US CPI

In focus today Today’s most important data release will be the US October CPI, where we expect inflation to slow down in both headline (+0.1% m/m SA, from +0.2%) and core (+0.2% m/m SA, from +0.3%) terms. In annual terms, headline inflation could still appear to accelerate due to base effects stemming from a low […]
20/03/2024

Copper (HG) Short Term Pullback Should Find Buyers

Short Term Elliott Wave view in Copper (HG) shows that the rally from 2.9.2024 low is in progress as a 5 waves impulse. Up from 2.9.2024 low, wave ((i)) ended at 3.9085 and dips in wave ((ii)) ended at 3.8015. The metal extended higher in wave ((iii)) towards 4.164. Subdivision of wave ((iii)) unfolded in […]
21/03/2024

GBPUSD Elliott Wave : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article, we’re going to take a look into the Elliott Wave charts of GBPUSD, exclusively presented in the members’ area of our website. As our members know GBPUSD has recently made pull back that made clear 3 waves down from the March 8th peak and completed correction right at […]