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I was clearly not alone thinking that Monday’s AI selloff triggered by DeepSeek news was overdone. Investors rushed back to the market to buy Nvidia shares at a discount – there was strong dip buying below the $120 per share, and the stock price closed the session 9% up. The afterhours was calm. The Magnificent […]

The post Stuck Between a Rock and Trump appeared first on Action Forex.

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04/01/2025

Markets Weekly Outlook – US Jobs Data in Focus as King Dollar Eyes Further Gains

The US dollar started 2025 strong, reaching a two-year high, while US equities were disappointing due to a lackluster Santa Rally. Global equity funds saw an 86% drop in inflows compared to the previous week, attributed to rising bond yields and potential portfolio rebalancing. The week ahead focuses on the US NFP jobs report and […]
13/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, with price trading within a bullish ascending channel. In this scenario, price could potentially continue its bullish momentum towards the 1st resistance level. The 1st support at 103.28 is considered a swing low support, indicating that it has previously acted as a […]
02/02/2024

USD/JPY Forms Another Bullish Pattern, US NFP Report Next

Key Highlights USD/JPY is correcting gains from the 148.80 resistance zone. A key bullish flag is forming with resistance near 147.80 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. Gold prices could attempt a steady increase above the $2,050 resistance. USD/JPY Technical Analysis The US Dollar rallied above the 146.20 […]