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The 2024 US election delivered a decisive victory for Donald Trump, with Republicans positioned to gain control of both houses of Congress. The S&P500 jumped 2.5% to a fresh record and recorded its best post-election gain. The energy stocks surged nearly 4%. Nasdaq 100 advanced 2.74%, to a fresh record high, as well. Tesla soared […]

The post Chapter Two appeared first on Action Forex.

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11/03/2024

EUR/USD Hits 8-Week High

The euro is trading above USD 1.09, hitting its strongest point since mid-January on Friday, helped by news from both the US and Europe. Friday’s news showed that the US labor market is weakening: → The change in employment in the non-farm sector showed an increase in jobs = 275k for the month, although last […]
14/10/2024

CHFJPY Wave Analysis

CHFJPY broke resistance zone Likely to rise to resistance level 174.90 CHFJPY currency pair under the bullish pressure after the earlier breakout of the resistance zone located between the key resistance level 172.00 (which stopped the previous waves A, C,E and (1)) and the 50% Fibonacci correction of the primary downward correction 4 from July. […]
25/03/2024

Week Ahead – Markets Quiet Down After Central Bank Frenzy

Dollar recovers after Fed selloff, turns to PCE inflation Yen falls despite rate increase, testing three-decade lows Quarter-end flows could disturb the waters in a quiet week Dollar stages recovery after Fed It was an action-packed week for FX traders, with five central bank meetings injecting volatility into the market. In a surprising move, the […]