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Over the past two weeks, US investors have shed nearly $30 billion dollars of US equity funds (net selling) according to data from LSEG. A bullish week for the S&P 500 but the Nasdaq 100 looks less convincing. A pullback in Nvidia stock and the psychological 20000 barrier have halted the Nasdaq’s impressive early week […]

The post S&P 500 & Nasdaq 100 Week Ahead: Is It Time for a Deeper Retracement as US Investors Shed Equity Funds…? appeared first on Action Forex.

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02/02/2024

Happy Jobs Friday

The Bank of England (BoE) kept its rates unchanged yesterday but opened the door to rate cuts mentioning ‘good news on inflation’. Cable rebounded despite a dovish takeaway from the MPC meeting as the US dollar fell sharply despite better-than-expected ISM manufacturing survey. In the euro area, inflation fell slower than expected in January. Combined […]
03/07/2024

XAU/USD outlook: Gold Price Rises Ahead of Key Economic Data But Still Holding Within Broader Range

Gold price rose during early trading on Wednesday, after being stuck within a narrow congestion in past three days. Fresh strength hit the highest in almost two weeks, though the wider picture shows the price moving within larger range ($2368/$2286) for the past couple of weeks. Traders look for fresh direction signals, with Fed monetary […]
12/08/2024

Silver Could Be Bottoming

Silver has been slowing down for the last three months, but drop on 4h time frame is in three waves A-B-C, which indicates for a corrective decline within higher degree wave IV. It’s now potentially finishing final subwave (5) of C at 26,50 – 26,00 strong and key support area. If we get sharp or […]