Logo-color Logo-white

Markets The focus of markets (and the international community) was on the talks in Riyadh between Russia and the US to end the war in Ukraine. The two parties agreed to appoint high-level teams to work ‘on a path to ending the conflict in Ukraine as soon as possible in a way that is enduring, […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

New Zealand Dollar Slips Ahead of Expected RBNZ Cut

next

Gold (XAU/USD) Eyes Fresh Highs, US-Russia Talks Fail to Quell Haven Demand

Read More

11/04/2024

AUDUSD Plummets in the US CPI Aftermath

AUDUSD drops 1.7% on hotter-than-expected US CPI data Violates both 50- and 200-day SMAs before finding its feet Momentum indicators deteriorate drastically AUDUSD had been in a steady advance since the beginning of April, posting a fresh one-month high of 0.6643 on Tuesday. However, the pair experienced a strong decline and erased all its progress following a […]
07/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart is currently exhibiting a bearish overall momentum, and there’s a possibility of a bearish reaction off the 1st resistance level, leading to a potential drop towards the 1st support. On the support side, the 1st support at 103.69 is identified as an overlap support level, suggesting it could […]
20/12/2023

Nasdaq (NQ) Short Term Should Remain Supported

Short Term Elliott Wave View in Nasdaq (NQ) shows a bullish sequence from 10.26.2023 low favoring further upside. Up from 10.26.2023 low, wave (1) ended at 16208.5 and dips in wave (2) ended at 15721.25. Wave (3) is in progress as the 45 minutes chart below shows. Internal subdivision of wave (3) is unfolding as […]