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Markets European stocks were off for a blazing start in the wake of new record highs on Wall Street (S&P 500, Down Jones) end last week. The EuroStoxx50 gapped >1% higher at the open before losing some momentum. US equities open higher as well, resulting in new highs for the major indices but the Nasdaq. […]

The post Sunset Market Commentary appeared first on Action Forex.

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24/04/2024

Tesla Jumps Despite Earnings Miss

Tesla’s Q1 results didn’t look good at all. The revenue dropped 9% – the first revenue drop in four years – and net income plunged by 55% compared to the same time last year. And these numbers were not only bad, but they were also worse than the expectations for the 3rd straight month. Yet […]
06/02/2024

GBPUSD Plummets to 2-month Low

GBPUSD tests 200-day SMA after strong sell-off Prices break trading range to the downside Outlook looks bearish in short-term GBPUSD plunged to a new almost two-month low of 1.2517 on Monday’s session, falling beneath the short-term trading range and the 200-day simple moving average (SMA).  Currently, the market is recovering some losses with the RSI […]
23/07/2024

EUR and GBP Retreat from Key Levels

Financial and currency markets are experiencing one shock after another. The steady decline in US inflation, a potential Fed rate cut, and the current US president’s exit from the election race have led to sharp fluctuations in almost all currency pairs. Last week: The GBP/USD pair traded above the psychological level of 1.3000; USD/JPY sellers […]