Logo-color Logo-white

In focus today Focus in the euro area is on the ECB watchers conference where several ECB officials will be present. We will particular pay attention to Lagarde’s speech at 09:45 CET. From the US, the January JOLTs labour turnover survey is due for release. The number of job openings is a key measure of […]

The post US Equities Drop amid US Growth Concerns appeared first on Action Forex.

previous

Elliott Wave View: Silver (XAGUSD) Pullback Looking to Find Support

next

Natural Gas Reacted Strongly From The Blue Box Area

Read More

08/02/2024

Silver (XAGUSD) Looking to Extend Lower in Sideways Price Action

Short Term Elliott Wave view in Silver (XAGUSD) suggests that the metal has traded sideways since the low in August 2022. The short term 1 hour chart below shows the move down from 12.4.2023 high which takes the form of a double three Elliott Wave structure. Down from 12.4.2023 high, wave W ended at 22.49 […]
29/01/2025

Look Out for Three Musketeers – Riksbank, BoC and Fed

In focus today We expect the Federal Reserve to pause its cutting cycle tonight and maintain the policy rate target range at 4.25-4.50%, in line with wide consensus and market pricing. We still forecast the next 25bp already in the following March meeting, but doubt Powell will provide strong forward guidance amid the high fiscal […]
18/10/2024

ECB Cut Fuels Appetite, Weighs on Euro

The European Central Bank (ECB) lowered its interest rates by 25bp yesterday, in a widely expected and priced in move. Chief Christine Lagarde highlighted that inflation is coming under control, warned that there could be a temporary uptick, but the figures will be sustainably back to target by next year and that the Eurozone will […]