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All eyes on US CPI on Tuesday after run of strong data Retail sales on the agenda too for the US dollar Pound on standby for UK data flurry, including CPI and GDP Japanese GDP and Australian employment coming up too Will US CPI remain sticky? Inflation in the United States has generally been trending […]

The post Week Ahead – US CPI in the Spotlight as Dovish Fed Bets Fade appeared first on Action Forex.

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13/11/2024

Elliott Wave View on DAX Looking for Larger Degree Correction

Short Term Elliott Wave View in DAX suggests rally to 19670 ended wave ((3)). Wave ((4)) pullback is currently in progress as a double three Elliott Wave structure. Down from wave ((3)), wave (i) ended at 19451.7 and rally in wave (ii) ended at 19591.5. Wave (iii) lower ended at 19368.69 and wave (iv) rally […]
07/12/2023

USDJPY’s 2023 Performance is Positive

USDJPY remains above uptrend line Bearish correction may be on the cards RSI and stochastic indicate negative move USDJPY has been in ascending movement since the beginning of 2023, but now is creating the fourth consecutive red week after the pullback off the 13-month high of 151.90. Technically, the bulls might still be in the […]
24/10/2024

DAX 40 Loses Upward Momentum

Today, Germany’s PMI data was released, according to Forex Factory: → German Flash Manufacturing PMI: actual = 42.6, expected = 40.7, previous = 40.6; → German Flash Services PMI: actual = 51.4, expected = 50.6, previous = 50.6. The DAX 40 index (Germany 40 mini on FXOpen) showed a slight intraday increase, which could be […]