Logo-color Logo-white

US 500 stock index pauses decline near 100-SMA, but negative risks remain Breaking above 5,600 could positively impact buying sentiment The US 500 stock index maintained support close to its 100-day simple moving average (SMA) for a second consecutive day, raising hopes that the current bearish phase may soon diminish. From a technical perspective, there are still some […]

The post US 500 Index Halts Decline, But Will It Pivot? appeared first on Action Forex.

previous

Brent Remains Under Pressure: China and Rapid Growth in OPEC+ Production to Blame

next

US Treasury Yields Decline Boosts Gold Prices

Read More

07/12/2023

US 500 Cash Index on the Brink of a Bearish Move

US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October […]
28/03/2024

Something Must Give

European stocks renewed record on Wednesday, the US dollar consolidated gains and the S&P500 stocks got a late-session boost. Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat. Nvidia fell 2.5% yesterday. […]
09/09/2024

Gold Weakness Might Have Legs

Gold is trading lower today, but close to recent highs It failed to benefit from Friday’s negative stock market reaction Momentum indicators remain mixed Gold is trading lower again today, recording its second consecutive red candle, but remaining a tad below its recent all-time high of $2,532. Last Friday’s non-farm payrolls figure resulted in an […]