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Indices The major US indices began the week with an attempt to return to growth but were choked by selling. Once again, the laggard was the Dow Jones, which slipped below last week’s lows, losing 3% from its previous high on 21 October to levels near 42000. The Nasdaq100 briefly approached 20700, almost repeating its […]

The post US Stocks Feel Selling Pressure appeared first on Action Forex.

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13/12/2024

USDCHF Bulls Back and Want to Stay

USDCHF bounces back, dismisses bearish risks below 0.8800 Bulls take control, aim for new higher highs USDCHF staged an impressive rebound after falling as low as 0.8733, an action which initially seemed like the completion of a bearish head and shoulders pattern below the 200-day simple moving average and the 0.8800 number. Now back in […]
02/09/2024

Crypto Near August Bottom

Market Picture Crypto market capitalisation has fallen to $2 trillion, hitting lows since 8th August and losing almost 10% over the past seven days. The decline has slowed since the second half of last week, but the downtrend persists. The Cryptocurrency Fear and Greed Index fell to 26 (fear). Bitcoin is trading around $57.5K, having […]
20/03/2024

Fed Risks Tilted Towards Hawkish Surprise

Markets We can’t but start with the Japanese yen again. Including this morning’s price action, USD/JPY (151.57) is an inch away from the 2022 multi-decade yen lows (at 151.95). EUR/JPY (164.68) already surpassed the 2023 high to trade at the strongest level since 2008. The cautious exit by the BoJ from ultra-easy monetary policy completely […]