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Big Tech investors weren’t disappointed on Tuesday, as Alphabet announced better than expected results after the bell. The Google’s parent Alphabet saw its revenue rise 15% from the same time last year, ad revenue grew more than anticipated and more importantly, Google Cloud printed a solid 35% growth compared to the same time last year. […]

The post Alphabet Beats, Eyes on UK Budget, US Jobs, Eurozone CPI appeared first on Action Forex.

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27/05/2024

USD/JPY Analysis: The Market is Indecisive Near Its Peak Since May 1

As the USD/JPY chart shows today: → The price is in an upward trend (indicated by the blue channel) that has been relevant since the beginning of 2024. → On Thursday, May 23, the exchange rate nearly reached 157.2 yen per US dollar, surpassing the peak of May 14. → Following this, the market began […]
19/06/2024

Gold Flirts With Upper Bollinger Band

Gold consolidates within ascending channel 20- and 50-period SMA post bullish cross MACD and RSI head higher Gold prices have been developing within an upward sloping channel in the short-term view with strong resistance at 2,336 and the 200-period simple moving average (SMA) at 2,345. The mid-level of the Bollinger band (20-period SMA) and the […]
21/03/2024

FOMC Remain Data Dependent, But on Track for June

The FOMC are sanguine on the growth and inflation outlook, and view the risks as coming into balance. March’s FOMC meeting communications and forecasts were largely as expected, highlighting policymakers’ confidence in the fight against inflation and achieving a soft landing. The FOMC is on track to begin cutting in June, assuming progress continues to […]