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The US S&P500 and Dow Jones indices closed lower on Monday and Tuesday. The Nasdaq100 followed suit yesterday. The Russell 2000 index of small public companies lost for four consecutive sessions. There are signs that we are now seeing the beginning of a correction like the one we saw in August, and there is also […]

The post S&P500 Risks Correction Ahead of Elections appeared first on Action Forex.

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22/02/2024

WTI Oil: Price Eases Further, as US Rate Outlook Offsets Persisting Middle East Worries

WTI Oil extends pullback into second consecutive day after recent rally repeatedly failed to clearly break pivotal Fibo barrier at $78.13. Subsequent easing is generating an initial signal of reversal and formation of a lower platform at $78.50 zone, as fresh bears broke below 200DMA ($77.65) and converged 10/100DMA’s ($77.12), though close below these levels […]
07/05/2024

Gold Attempts Recovery to Only Face Limitations Again

Gold stays trapped below 2,325 after Monday’s bounce Technical signals reflect persisting caution Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the precious metal successfully above the constraining zone of 2,325. This is where the 23.6% Fibonacci […]
12/06/2024

Inflation Data and Fed Verdict Could Set Dollar’s Summer Trend

The US currency is gearing up for the most important trading session of the current week, and possibly even the month. Today, the US Consumer Price Index (CPI) data for May will be released. Additionally, the Federal Reserve (Fed) has a meeting scheduled today where the base interest rate will be announced, along with the […]