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In the past five days, the year-to-date laggard Dow Jones Industrial Average (DJIA) has played a positive catch-up. On a rolling 5-day performance basis, the DJIA has outperformed with a gain of +1.10% over the Nasdaq 100’s loss of -0.70% due to recent softness seen in the share price of Nvidia. Watch the key short-term […]

The post US DJIA Technical: Bullish Breakout Ahoy appeared first on Action Forex.

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22/08/2024

WTI Futures Fall to a 7-Month Low

WTI futures drop to their lowest level since January 17 Momentum indicators are heavily tilted to bearish side  WTI oil futures (October delivery) have been in a steady retreat following their rejection at the 200-day simple moving average (SMA) in mid-August. On Wednesday, the price fell to a fresh seven-month low before finding its feet a tad above the […]
05/04/2024

Sour Mood Ahead of US Jobs Data

Risk appetite got a hit yesterday as an army of Federal Reserve (Fed) speakers sounded cautious about the timing of the first rate cut and as the barrel of Brent spiked past the $90pb level on rising tensions between Iran and Israel after Israel bombed the Iranian embassy in Damascus earlier this week. The barrel […]
05/09/2024

USDCHF Eyes August’s Low as Bears Stay in Charge

USDCHF trims latest rebound, holds bearish trend ahead of US data Short-term bias skewed to the downside; bears wait for a move below 0.8435 USDCHF has been stuck in a downward trend since April’s peak of 0.9223, unable to sustain any bullish corrections. More recently, following its bounce from an eight-month low of 0.8398, the […]