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In focus today From the US, December durable goods orders and January consumer confidence index from Conference Board are due for release. We will follow the latter for gauging how consumers feel about the economy and inflation as Trump begins his second term in the White House. In the euro area, the bank lending survey […]

The post Calm on the Macro Front appeared first on Action Forex.

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21/05/2024

EURJPY Wave Analysis

EURJPY broke resistance level 169.40 Likely to rise to resistance level 171.00 EURJPY is currency under the bullish pressure after the recent breakout of the minor resistance level 169.40, which reversed the price last week. The breakout of the resistance level 169.40 accelerated the active impulse wave iii, which belongs to the higher order impulse […]
07/07/2024

Forex and Cryptocurrency Forecast

EUR/USD: The US is Not Very Good, Europe is Not Very Bad On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing as well as expected and Europe not faring as […]
16/01/2024

Could the Market Price in an ECB Rate Cut in March?

Data have to turn quickly negative for the March gathering to become live Market assigns only 30% chance for a March move; April rate cut is a done deal January concludes with preliminary PMIs and the January 25 ECB meeting Despite the upside surprise at the December inflation report, the market remains convinced that the […]