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The new week started with caution. The US and Canada were off, and news from Europe weren’t exceptional. The data released on Monday showed that the manufacturing PMI figures for August were slightly higher than expected, but numbers in major Eurozone countries remained below 50, in the contraction zone for another month. The German manufacturing […]

The post September Caution appeared first on Action Forex.

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16/12/2024

Gold Technical: A Less Dovish Fed May Reinforce a Medium-Term Corrective Decline

The proposed policies of Trumponomics 2.0 may ignite a further uptick in inflationary expectations in the US. Market-transacted inflationary expectations gauge, the 5-year and 10-year US breakeven inflation rates have been trending higher since September 2024. The Fed may switch its current dovish monetary policy to a “wait and see” pivot stance on 18 December […]
02/10/2024

Tensions Escalating in Middle East

In focus today In the US, ADP private sector employment growth will provide some early hints of what to expect from Friday’s NFP release – consensus expects a modest rebound from August. In the euro area, we receive the unemployment rate for August. Recently, we have seen the first signs of a cooling in the […]
15/01/2025

NZDJPY Wave Analysis

NZDJPY reversed from key support level 87.00 Likely to rise to resistance level 89.40 NZDJPY currency pair recently reversed up from the key support level 87.00, which is the lower border of the sideways price range inside which the pair has been moving for the last few weeks. The support level 87.00 was also strengthened […]