Summary 6/17 – 6/21 – Action Forex

The UK releases the February retail sales report on Friday, with the markets bracing for a decline of 0.3% m/m. Retail sales soared 1.7% in January, crushing expectations and hitting the highest level since May 2024. Annualized, retail sales are expected to ease to 0.5%, down from 1% in January. The Confederation of British Industry…

“Annyeong Seoul. We’re back.” A drone soars over the South Korean capital, revealing 100,000 screaming fans filling the city’s historic Gwanghwamun Square. With the palace gates behind them, RM, Jin, Suga, j-hope, Jimin, V and Jung Kook stand swathed in leather, game-faces fixed, ready to perform as a group for the first time in four…

I’m seeing a chart formation suggesting that a reversal from WTI crude oil’s downtrend is in the works. How high can it go from here? WTI Crude Oil (USOIL) 4-hour Chart by TradingView This energy commodity has been in selloff mode since mid-April, as the lack of market focus on geopolitical tensions likely led investors…

Invesco Ltd reported a 3.1% month-on-month increase in assets under management (AUM) in January, reaching $1.902 trillion, according to a company press release on Tuesday. The asset manager attributed the rise to favourable market returns, which contributed $37 billion, alongside foreign exchange movements that added $1.2 billion.  The firm also said it recorded net long-term…

Hello traders. Welcome to another ‘blue box’ blog post where we discuss trade ideas that Elliottwave-Forecast members took. In this one, we will discuss a recent AMD sell setup from the blue box. Looking at the big picture, we saw that $AMD completed a long-term bullish cycle. This cycle began in July 2015 and ended…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…