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Weekly Economic & Financial Commentary: What’s the Deal? – Action Forex
Summary United States: Risks Have Risen (but Haven’t Materialized Yet) The trade deficit blew a hole in Q1 productivity growth, and tariffs are anecdotally increasing price pressures in the services sector. But beyond temporary trade-related distortions, tariffs have yet to meaningfully impact the economic data. We anticipate that tariffs will be negotiated down from current…
Dollar Falters and Yields Dive, Gold Hits New Highs, Stocks Hesitate – Action Forex
The past week in global markets has been anything but routine. What began as cautious positioning around economic data turned into a full-scale rethink of Fed policy and global growth prospects. Currency traders, bond investors, and equity markets were all forced to adjust as the numbers told a weaker story than anyone hoped for. At…
Bank of America Corp. $BAC Blue Box Area Offers A Buying Opportunity – Forex Market Analysis – ForexCycle.com
Hello everyone! In today’s article, we’ll examine the recent performance of Bank of America Corp. ($BAC) through the lens of Elliott Wave Theory. We’ll review how the rally from the August 05, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 5 Wave Impulse…
Technical Analysis of USD/CHF: Rate Reaches Key Resistance Level
As seen on the USD/CHF chart, the pair has been moving within a descending channel (highlighted in red) since May. In September, price action confirmed that the 0.84000 level, near the lower channel boundary, serves as strong support—after several unsuccessful attempts to break below it, the pair rebounded from point A to point B, rising…
The Essential Head and Shoulders Chart Pattern: A Trader’s Guide – Forexblogger.com.ng
Predicting market moves feels like a big challenge. Traders often struggle to see what’s coming next. Luckily, reliable technical analysis tools can help. Chart patterns act as visual maps, offering huge insights into price action. They show us what might happen next. Among these patterns, the Head and Shoulders stands out. It’s one of the…
EUR/JPY Daily Outlook – ActionForex
Daily Pivots: (S1) 183.54; (P) 184.11; (R1) 184.79; More… EUR/JPY is still bounded in consolidations below 184.89 and intraday bias stays neutral. Downside of retreat should be contained above 181.98 resistance turned support to bring another rally. On the upside, break of 184.89 temporary top will resume larger up trend to 186.31 long term projection…
