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It is traditionally believed that the Santa Rally occurs at the end of December and the first days of January, but according to many opinions it is acceptable to think that it begins much earlier. At the beginning of December, the values of the S&P 500 index came close to the highs of the year […]

The post S&P 500 Analysis: Why Santa May Have Problems Rallying appeared first on Action Forex.

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25/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart currently demonstrates a bullish overall momentum, indicating strength in the US Dollar. Your analysis suggests that there is potential for a bullish continuation in the price towards the 1st resistance level. The 1st support level at 103.10 is considered significant as it represents an overlap support, indicating […]
18/04/2024

US, Japan Express Concern Over Japanese Yen

The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushing the market estimate of […]
19/09/2024

NZ First Impressions: GDP, June Quarter 2024

New Zealand’s GDP fell by 0.2% in the June quarter. The result wasn’t as weak as expected, and will ease concerns that the economy might have been taking a turn for the worse. Key results Quarterly change: -0.2% (last: +0.1%, Westpac f/c: -0.4%, market f/c: -0.4%, RBNZ -0.5%) Annual change: -0.5% (Last +0.3%, Westpac f/c […]