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US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential market implications. Assessing the likelihood of further rate cuts by the Federal Reserve and the Bank of England. Providing insights on market trends and potential […]

The post Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum appeared first on Action Forex.

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13/06/2024

Nasdaq 100: Minor Melt-Up Sequence May Have Hit a Roadblock

The Dow Jones Industrial Average (DJIA) has given up all its ex-post US CPI intraday gains triggered by losses inflicted on the 10-year US Treasury Note futures. The ongoing weakness seen on the DJIA may act as a drag on the Nasdaq 100. Watch the 19,800 pivotal resistance on the Nasdaq 100 for a potential […]
07/06/2024

Brent Crude Oil Wave Analysis

Brent Crude oil reversed from support level 76.95 Likely to rise to resistance level 80.55 Brent Crude oil recently reversed up from the key support level 76.95 (which has been repeatedly reversing the price from the start of this year). The support level 76.95 was strengthened by the lower daily Bollinger Band and by the […]
07/03/2024

Euro in Holding Pattern Ahead of ECB Decision

ECB expected to hold rates at 4% The euro is barely making a peep on Thursday, ahead of the European Central Bank’s decision later in the day. In the European session, EUR/USD is trading at 1.0894, down 0.04%. ECB expected to hold rates The ECB is expected to follow the Federal Reserve’s pause and hold […]