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Indices in the US and Europe declined due to the heavy selling of stocks triggered by investors exiting AI-related companies in the US. The reason for the relatively sudden sell-off was the rumoured high quality of AI model results from China’s DeepSeek-R1, unveiled on Monday. It is free for users, training was significantly cheaper than […]

The post AI Investors Rushed to Cash in on 2-Year Trade appeared first on Action Forex.

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05/07/2024

UK Election: Labour Wins in a Landslide

The UK national election on Thursday propelled the Labour Party to a sweeping victory and Labour leader Keir Starmer will become the next Prime Minister. In the six-week election campaign of the election, Labour had a massive lead in the polls and there was no doubt it would win a huge majority in parliament. The […]
18/01/2025

Gold: Continues to Benefit from Fed’s Recent Dovish Shift

Gold price eased from five-week high on Friday, driven by a partial profit-taking at the end of the week, following a three-day rally. The yellow metal was supported by recent US economic data which showed weaker than expected US core inflation numbers in December and revived narrative of more Fed rate cuts in 2025. Markets […]
22/01/2024

Busy Week Ahead: Tech Earnings and Central Bank Meetings

Friday’s economic data was yet another proof of the diverging fortunes between the US economy and the rest of the developed world. In the morning, the UK announced that its retail sales slumped for the second straight year, fueling the worries of a mild recession in the UK this year. But in the afternoon, Michigan’s […]