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Markets It look that a rather guarded reaction of Chinese investors this morning to recently announced stimulus would set the stage for some kind of a risk-off correction. European equities (EuoStoxx 50 ) opened 1.0% lower. Yields eased a few basis points. However, the intraday momentum again changed in the run-up the US trading session. […]

The post Sunset Market Commentary appeared first on Action Forex.

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28/03/2024

Nasdaq 100 (NQ) Potential Support Area

Short Term Elliott Wave view in Nasdaq 100 (NQ) suggests that pullback to 18011.3 ended wave 4. The Index has turned higher in wave 5. Internal subdivision of wave 5 is unfolding as a diagonal. Up from wave 4, wave (i) ended at 18106.75 and wave (ii) ended at 18044. Wave (iii) higher ended at […]
09/03/2024

US February Employment: The Devil Is in the Details

Summary Another strong beat in payroll growth in February masked other signs of softening in the jobs market. Nonfarm payrolls surpassed consensus expectations for a 200K increase by rising 275K last month, with gains broadly-based across industries. Even with some meaningful downward revisions to the prior two months, the three-month average pace of job growth […]
06/02/2024

Euro Falls to Two-Month Low

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