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Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the decline on Wednesday, September 20, was in the nature of a correction. Santa and his rally do […]

The post Brent Oil Price Reaches New December High appeared first on Action Forex.

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14/08/2024

Sunset Market Commentary

Markets July US CPI inflation figures printed very close to consensus. Monthly inflation accelerated both on a headline and on a core level to 0.2% M/M. Details showed food prices rising by 0.2% M/M, energy prices flat, and services (ex. energy) rising by 0.3% M/M. The main disinflationary impact came again from used cars and […]
28/06/2024

Canada’s Economy Rebounded in April, Modest Growth Expected in May

The Canadian economy bounced back in April, up 0.3% month-on-month (m/m). This print landed in line with Statistics Canada’s advanced guidance and market expectations. The flash estimate for May points to a slight advance of 0.1% m/m. April’s reading was broad-based, with output expanding in 15 of 20 industries. The gain was evenly split between […]
23/08/2024

US 100 Index Sits at Key Level

US 100 index exhibits bearish tendencies but stabilizes near 50-SMA Technical risk is two-sided as Powell prepares for his Jackson hole speech( 14:00 GMT) Bulls hope for a close above 19,880; bears need a drop below 19,350 The US 100 stock index came under pressure on Thursday after a downward revision in the US non-farm […]