Logo-color Logo-white

Markets US markets yesterday enjoyed an eye-catching ‘risk-on rebound’ with higher equities, higher yields and a stronger dollar. Europe this time lagged the move in the US. Headlines of US administration potentially turning to a more targeted/selective approach when introducing reciprocal tariffs on April 2 was said to ease worries on US growth. Even so, […]

The post Look Out Whether Recent USD Bottoming Has Further Legs appeared first on Action Forex.

previous

Elliott Wave View: USDJPY Rallying in Double Zigzag

next

Navigating the US Dollar (DXY): Tariffs, Data, and Technicals

Read More

17/12/2024

EURGBP Elliott Wave Analysis: Decline Forecast from Equal Legs Area

Hello, fellow traders. In this technical article, we’ll take a quick look at the Elliott Wave charts for the EURGBP forex pair, published in the members’ area of the website. As our members know, EURGBP is showing incomplete bearish sequences, suggesting further decline. The pair recently gave us a bounce in a 3-wave pattern, with […]
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 […]
18/10/2024

Ethereum Fails to Record a Higher High

Cryptocurrencies are mostly in demand this week Ethereum rallies but fails to overcome the 2,667 level Momentum indicators are mostly bullish Following Monday’s strong upleg, ethereum is experiencing a few quiet sessions by trading in a tight range. It is in the green today, but it remains stuck below the mid-September 2021 low of 2,667. […]