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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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14/06/2024

Elliott Wave Intraday Analysis on DAX Looking for Support Soon

Short Term Elliott Wave in DAX suggests the Index is correcting cycle from 4.19.2024 low. The rally from 4.19.2024 low ended wave 1 at 18892.92. Wave 2 pullback is currently in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 18515.84 and wave (b) ended at 18855.05. Wave […]
07/11/2024

Global Takeaways of the U.S. Election

Summary In this report, we examine some thematic and global takeaways from the U.S. election. We view a second Trump administration—and more specifically his proposed tariff policies—as a catalyst for further deglobalization and global economic fragmentation. Tariffs could also act as an inflection point for China to approach stimulus efforts differently, while the nature of […]
06/11/2024

S&P 500 Wave Analysis

S&P 500 reversed from support area Likely to rise to resistance level 5850.00 S&P 500 index earlier reversed up from the support area located between the key support level 5695.00 (which reversed the index for 7 consecutive days at the start of October) and the lower daily Bollinger Band. This support area was further strengthened […]