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Markets Marginally softer than expected US CPI yesterday caused markets to leave a bond short-positioning that had been built since early December. The release also muted a developing market debate as to whether the Fed at some point could be forced to consider rate hikes again. The market again moved toward December guidance from the […]

The post Sunset Market Commentary appeared first on Action Forex.

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26/03/2024

Bitcoin Perfect Reaction Higher From Blue Box Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD. We presented to members at the elliottwave-forecast. In which, the rally from the 11 September 2023 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to […]
18/09/2024

Markets Will Finally Get the Fed Verdict Today

Markets August US retail sales were supposed to provide final input yesterday as investors concluded their positioning going into today’s Fed policy decision. Overall the report was marginally stronger than expected (headline sales +0.1% vs -0.2% expected after a strong upwardly revised 1.1% in July, core control group sales 0.3% M/M as expected but July […]
28/06/2024

Natural Gas Wave Analysis

Natural gas reversed from resistance zone Likely to fall to support level 2.6000 Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the price from the start this year, as can be seen below. The aforementioned resistance zone was further strengthened by the […]