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More than two years back, we were calling Gold to end a Zigzag Elliott Wave correction in the blue box area and resume the rally. Zigzag is a 5-3-5 Elliott wave structure in which wave A and C are in 5 waves and wave B is in 3 waves. Blue Boxes are High-Frequency areas and […]

The post Gold Cycle Since September 2022 Low Calling For More Upside appeared first on Action Forex.

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EUR/USD Stabilises as US Inflation Cools Without Major Surprises

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20/03/2024

Dollar Index: Bulls Hold Grip on Expectations that Fed Will Keep Hawkish Stance

The dollar index continues to trend higher and hit two-week high on Wednesday, benefiting from the hawkish outlook from the Fed, as the central bank will deliver its monetary policy decision later today. The central bank is not expected to make any changes to the policy, with high interest rates to be kept for extended […]
14/11/2024

Dollar and US Yield Momentum is Strong

Markets US October inflation figures printed bang in line with expectations. Headline inflation picked up to 2.6% and core inflation matched September’s 3.3% with clear signs of price stickiness in housing-related costs (0.4% m/m) and core services ex housing. The latter rose 0.31% m/m and accelerated on an annualized three-month rolling average to 4.24% – […]
05/01/2024

USD/JPY Technical: Countertrend USD Rebound Remains Intact Ahead of US NFP

The US dollar is the top performer against the JPY on a 5-day rolling basis (+3%). A monthly US NFP jobs gain of between +240K to +260K may ignite another bout of US dollar rally. Bullish momentum is supporting a potential extension of the ongoing countertrend rebound in USD/JPY. Watch the next intermediate resistance at […]