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Week started on a bullish note in Europe and the US as Jow Biden’s decision to leave the presidential race didn’t impact the market mood. The S&P500 rebounded 1% following its worst week since April on a Big Tech selloff and on rising worries that a second term for Donald Trump in the White House […]

The post Big Tech Rebound Ahead of Earnings, Oil Slips appeared first on Action Forex.

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10/01/2024

Bitcoin Climbs to New 21-month High Ahead of ETF Decision

BTCUSD rallies and hits new 21-month high RSI and MACD detect positive momentum Bearish reversal to be considered upon dip below $41,200 BTCUSD surged yesterday, breaking back above $45,000 and hitting a new 21-month high at $47,282. It seems that the euphoria around the potential approval of a spot-Bitcoin ETF by the Securities and Exchange […]
07/02/2024

NZD/USD Calm Ahead of NZ Job Data

New Zealand’s job growth expected to rise to 0.2% The New Zealand dollar is showing limited movement on Tuesday. Early in the North American session, NZD/USD is trading at 0.6052, down 0.03%. New Zealand job growth expected to rebound New Zealand releases the fourth-quarter employment report later today. Employment is expected to rebound with a […]
12/01/2024

Global Implications of a Soft U.S. Landing

Summary The continued resilience in U.S. activity has prompted a significant shift in our outlook for the U.S. economy. Our U.S. economics colleagues now believe the U.S. economy will avoid recession, achieve a “soft landing”, and experience continued expansion through 2025. This more resilient outlook for U.S. growth has implications for our global economic outlook. […]