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Markets are eagerly awaiting the outcome of the Fed meeting. Economists and analysts are unanimous that no rate changes are expected, and the rate will remain in the current range of 4.25%-4.50%. Despite developments in India and Pakistan and news of upcoming talks between the US and China, the market is poised for strong moves, […]

The post FOMC Ahead: Will Powell Surrender the Dollar to Trump? appeared first on Action Forex.

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02/12/2024

EURJPY Wave Analysis

EURJPY broke support zone  Likely to fall to support level 156.00 EURJPY currency pair recently broke the support zone located between the support level 160.00 and the 61.8% Fibonacci correction of the upward impulse from September. The breakout of the support level 160.00 accelerated the C-wave of the active ABC correction (2) from the end […]
06/06/2025

Euro Strengthens, Yen Consolidates Ahead of Nonfarm Payrolls Report

The major currency pairs, EUR/USD and USD/JPY, are showing restrained movement as markets await the release of key US employment data. Investors remain cautious, assessing the outlook for monetary policy in light of recent central bank decisions. Today, market participants will focus on the release of the monthly US Nonfarm Payrolls (NFP) report. According to […]
23/01/2024

S&P 500 (SPX) Looking for Further Upside

Short term Elliott Wave View in S&P 500 (SPX) suggests that rally to 4793.3 ended wave (3). Pullback in wave (4) is unfolding as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 4752 and wave ((b)) rally ended at 4776.9. Wave (c)) lower ended at 4731.17 which completed wave […]