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Equity selloff in Europe and US extended on Thursday. Technology stocks suffered the biggest losses after Microsoft and Meta – which represent nearly 10% of the S&P500 index – were hit by a 6% and a 4% decline respectively. The S&P500 closed 1.86% down – a touch above its 50-DMA – and Nasdaq 100 dived […]

The post Amazon Beats, Focus on US Big Oil and Jobs Data appeared first on Action Forex.

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09/08/2024

A Crypto Test for Risk Appetite

Market Picture Risk appetite played out in the markets on Thursday, adding over 6.4% to the crypto market’s capitalisation in the last 24 hours. The capitalisation peaked at $2.18 trillion in the morning, the highest since last Friday. In just over 24 hours, the price of bitcoin rose 14% to $62.6K, before falling back to […]
19/06/2024

Market Analysis: AUD/USD and NZD/USD Sight Steady Increase

AUD/USD is attempting a recovery wave from 0.6590. NZD/USD could gain bullish momentum if there is a clear move above the 0.6150 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6590 and is now recovering against the US Dollar. There was a break above a key bearish trend […]
16/01/2024

AUDUSD Slips to 1-month Low

AUDUSD posts a new negative wave RSI looks oversold 50- and 200-period SMAs ready for bearish cross AUDUSD is plunging towards a fresh one-month low of 0.6606 today, confirming the negative structure that started from 0.6870. Technically, the short-term risk is leaning to the downside. The MACD oscillator is extending its negative momentum beneath its trigger […]