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Markets experienced turmoil this week, driven by investor concerns over the Trump administration’s tariff policies. The US dollar is on track for its worst week in over a year, Nasdaq entered a correction. The Bank of Canada may cut rates due to tariff impacts and economic concerns. US CPI is also due in the week […]

The post Weekly Market Outlook: Trigger Uncertainty, Nasdaq in Correction & US CPI Data Ahead appeared first on Action Forex.

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28/03/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.9245 Likely to rise to resistance level 1.9500 GBPAUD currency pair recently reversed up from the support level 1.9245 (lower border of the narrow sideways price range from January), intersecting with lower daily Bollinger Band. The upward reversal from the support level 1.9245 started the active minor impulse wave 3, […]
20/03/2024

Dollar Index: Bulls Hold Grip on Expectations that Fed Will Keep Hawkish Stance

The dollar index continues to trend higher and hit two-week high on Wednesday, benefiting from the hawkish outlook from the Fed, as the central bank will deliver its monetary policy decision later today. The central bank is not expected to make any changes to the policy, with high interest rates to be kept for extended […]
08/08/2024

AUDCAD Selling the Rallies at the Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of AUDCAD published in members area of the website. As our members know the pair has been showing incomplete sequences in the cycle from the February 2021 peak. Recently AUDCAD has given us the recovery that […]