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The dollar index remains firmly in red for the second consecutive day, under increased pressure on growing prospects of Fed rate cuts (following softer than expected inflation in May) and persisting uncertainty over tariff saga. Fresh acceleration on Thursday pushed the dollar below 98 mark for the first time in seven weeks and increased pressure […]

The post Dollar Index: Bears Remain Firmly in Play and Pressure Key Supports appeared first on Action Forex.

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21/05/2025

Silver Wave Analysis

Silver: ⬆️ Buy Silver reversed from support level 31.70 Likely to rise to resistance level 33.50 Silver recently reversed from the pivotal support level 31.70 (which stopped the previous minor wave a at the end of April, as can be seen from the daily Silver chart below). The support level 31.70 was further strengthened by […]
18/01/2025

The Weekly Bottom Line: U.S. Economy Sails into Trump’s Presidency at Cruising Speed

Canadian Highlights Donald Trump will be inaugurated on Monday, and Canadians are bracing for the economic threats in recent weeks to turn into action through a flurry of executive orders. Canada is economically tied to the U.S., with $1.9 billion in daily goods and services exported to its southern neighbour. That amounts to over 20% […]
01/08/2024

Elliott Wave Intraday Analysis: USDJPY Correcting Larger Degree

Short Term Elliott Wave in USDJPY suggests that cycle from 7.3.2024 high is in progress as a double three Elliott Wave structure. Down from 7.3.2024 high, wave A ended at 155.37 and rally in wave B ended at 157.86. Wave C lower ended at 151.94 which completed wave (W) in higher degree. Pair then rallied […]