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Underwhelming results from Tesla and Alphabet painted the equity markets in the red yesterday. The S&P500 experienced its worst selloff since December 2022 with a 2.30% drop. It tested its 50-DMA (near 5428) to the downside. Nasdaq 100 tumbled 3.65% and sank below its own 50-DMA. Tesla dived more than 12% on earnings miss and […]

The post A Bad Day for Tech Stocks appeared first on Action Forex.

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21/03/2024

Interesting Divide Between Markets’ and Our Interpretation on Fed

Markets Let’s dive right into yesterday’s Fed meeting. There’s an interesting divide between markets’ and our interpretation. For the former it was nothing but an outright dovish, cuts-are-coming-soon tribute. The three major US stock indices simultaneously closed at record highs. US yields turned south, slipping more than 8 bps at the front. The dollar tanked. […]
10/09/2024

ECB Policy Meeting: Another Rate Cut and Emphasis on September’s Data

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30/03/2024

Weekly Economic & Financial Commentary: The First of Many Ticks Higher in the Longer-Run Median Dot

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