Logo-color Logo-white

In focus the week Today is quiet on the data front. The week ahead will focus on inflation, with the UK print on Wednesday likely being a deciding factor for whether a Bank of England rate cut is on the table in November. On Friday, the euro area October flash PMI report will be released, […]

The post Focus on PMIs and Inflation appeared first on Action Forex.

previous

WTI Crude Oil Wave Analysis

next

AUD/USD and NZD/USD Recover, Are Gains Just Getting Started?

Read More

29/11/2024

Oil: Price Contracts as Dollar Tries to Recover

Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed its output policy meeting from Sunday to December 5, citing scheduling conflicts with Kuwait’s Gulf Cooperation Council meeting. Crude oil […]
07/12/2023

Silver Wave Analysis

Silver reversed from resistance level 25.80 Likely to fall to support level 23.50 Silver falling strongly after the price reversed down from the key resistance level 25.80, which reversed the price multiple times in April and May. The downward reversal from the resistance level 25.80 started the active minor corrective wave iv. Given the strength […]
15/05/2024

USDJPY Waits for Next Tailwind Near Key Barrier

USDJPY bulls face limitations ahead of the US CPI inflation figures Short-term risk tilted to the upside, but confirmation required above 156.60 USDJPY recouped more than half of its sharp losses that occurred at the start of the month thanks to the bounce off the 50-day simple moving average (SMA) near 151.84. But the bulls […]