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Here we are, saying thanks and goodbye to the excellent month of November for both bond and equity markets. US bonds rallied, and the bond yields melted starting from the end of October remember, and the melting bond yields offered to the S&P500 one of its biggest gains for a month of November. The index […]

The post Are Equity Bulls Too Tired to Continue Running? appeared first on Action Forex.

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28/08/2024

USDCHF Wave Analysis

USDCHF broke key support level 0.8450 Likely to fall to support level 0.8330 USDCHF currency pair today broke below the key support level 0.8450 (which stopped the previous sharp downward impulse wave (1) at the start of August). The breakout of the support level 0.8450 should accelerate the active impulse wave (3) which started earlier […]
10/05/2024

Canadian Dollar Quiet Ahead of Jobs Data

The Canadian dollar is almost unchanged on Friday. USD/CAD is up 0.03%, trading at 1.3680 in the European session at the time of writing. Canada’s job growth expected to rebound Canada releases the April employment report later today. The economy shed 2200 jobs in March, a shocking figure as the market forecast stood at a […]
20/06/2024

FTSE 100 index Wave Analysis

FTSE 100 index reversed from support level 8140.00 Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the key support level 8140.00 (which has been reversing the price from the end of April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 8140.00 completed the […]