Summary 12/16 – 12/20 – Action Forex

The Australian dollar has started the week with gains. AUD/USD touched a high of 0.6850, its highest level this year. In the North American session, the Australian dollar is trading at 0.6842, up 0.51% on the day. Reserve Bank expected to hold rates The Reserve Bank of Australia is expected to maintain the cash rate…

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We noted on 29 September that, amid the US shutdown, sentiment in the S&P 500 index market remained positive, and highlighted factors supporting further growth. Today, the S&P 500 index (US SPX 500 mini on FXOpen) reached a fresh all‑time high: on Friday morning the price rose above 6 740 points. This confirms the continued optimism…

USDJPY: The Japanese Yen (JPY) is declining against the US Dollar (USD) today. Traders are keeping a close eye on the outlook for Japan’s monetary policy as central bank officials said they are ready to raise rates further, although they have become more cautious due to increased market volatility. Japan’s Finance Minister Shunichi Suzuki emphasized…

We previously mapped BlackRock‘s (NYSE: BLK) bullish weekly path. We also hinted at a potential dip below $1000. Today, we continue our analysis with the Elliott Wave structure of the current correction. This update highlights the next high-probability buying opportunity emerging for the stock. Elliott Wave Analysis BlackRock completed an impulsive five-wave advance from its…