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FTSE 100: ⬆️ Buy FTSE 100 reversed from support level 8700.00 Likely to rise to resistance level 8900.00 FTSE 100 index recently reversed up from the support level 8700.00 (which stopped wave 4 at the end of May, as can be seen from the daily FTSE 100 chart below) intersecting with the lower daily Bollinger […]

The post FTSE 100 Wave Analysis appeared first on Action Forex.

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Franc Appreciates Despite Risk-On Mood

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20/12/2023

Soft Inflation Has Pressed the Pound, But Hardly the BoE

Britain’s impressive slowdown in inflation has increased speculation around a rate cut next year. The headline consumer price index lost 0.2% in November, and the annual rate slowed from 4.6% to 3.9% – impressively below the expected 4.3%. Inflation excluding food and energy slowed from 5.7% to 5.1%, versus an expected 5.6%. This is the […]
07/09/2024

Weekly Economic & Financial Commentary: Rate Cut at Sept. 18 FOMC Meeting, 25 bps or 50 bps?

Summary United States: Rate Cuts Incoming The August jobs report did little to settle the debate if a 25 bps or 50 bps rate cut is coming this month. We’re sticking with 50 bps, but acknowledge 25 bps as a real possibility. Firms continued to hire in August and the economy kept expanding. Attention is […]
10/06/2025

WTI: Oil Hits New Multi-Week High on Growing Optimism About US-China Trade Talks

Growing optimism about a trade deal between the US and China that would ease tensions, boost economic growth and consequently boost demand, continues to lift oil prices. WTI contract rose to the highest in over two months on Tuesday, extending the latest bull-leg into fourth straight day. Fresh advance cracked important Fibo barrier at $65.58 […]