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US100, Daily In the Daily timeframe, US100 made an all-time high after reaching our previous target. Tenkan has crossed upwards from the Kijun at Ichimoku. However, the %R indicates a significant overbought condition, making a minor correction possible before the 10000 pips rise. We consider buying US100 only on consolidation above 22200 with a target […]

The post US100: ATH appeared first on Action Forex.

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12/12/2023

US CPI Data: Dollar Down As Rate Uncertainty Sustains Volatility

As the clock ticks towards 13:30 GMT, financial markets are bracing for the release of the Consumer Price Index (CPI) data for November, a pivotal metric that provides a snapshot of the current state of the United States economy. The CPI measures the average change over time in the prices paid by urban consumers for […]
06/12/2024

Macron on the Hunt for a New Prime Minister as Barnier Resigns

In focus today The main data event will be the US Jobs Report for November. We expect Nonfarm Payrolls growth to recover to 160k (cons: 200k, prior: 12k) after temporary weather-related effects have reversed. We anticipate average hourly earnings growth moderated to +0.2% m/m SA and unemployment rate remaining steady at 4.1%. Preliminary results from […]
20/08/2024

GBPUSD Awaits Strong Resistance Near 1-Year High

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