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Week in review: Israel-Iran Ceasefire and upbeat market sentiment (but?) Markets had been enjoying from renewed positive sentiment after the US intervened in the Israel-Iran conflict which led to the reaching of a ceasefire agreement. The news sent Equities booming higher after a choppy past two weeks. The Nasdaq reached new all-time highs on Wednesday […]

The post Markets Weekly Outlook – June US NFP, Global PMIs and German Employment appeared first on Action Forex.

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Franc Appreciates Despite Risk-On Mood

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22/05/2024

ETHUSD Heads Towards 2024 Highs on ETF Approval Hopes

ETHUSD set to notch up a second straight day of sharp gains Hopes of spot ether ETF trigger broad-based crypto rally But danger that upswing is becoming overstretched ETHUSD (ether) has charged through its 50-day simple average (SMA) to make a fresh bid for the March peak of 4,093.70, which was a more than two-year […]
11/07/2024

EURJPY Wave Analysis

EURJPY broke the key resistance level 174.30 Likely to rise to the resistance level 176.00 EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the start of July. The breakout of the resistance level 174.30 accelerated the active impulse wave iii of the higher upward […]
02/04/2024

New Quarter Starts on a Hawkish Note

Hawkish. The new quarter started on a hawkish note. The European markets were closed, but the S&P500 closed the first trading session of the new quarter in the negative after the ISM data unexpectedly jumped into the expansion zone in March, the prices accelerated faster than expected and Atlanta Fed’s GDPNow spiked to 2.8% from […]