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Last week was packed with earnings and data. Five of the Magnificent 7 stocks announced magnificent earnings. Some, like Google and Amazon, kept their investors on their sides, whereas others, like Microsoft and Meta failed to impress as their investors couldn’t get over the weaker forecast and further AI spending that they announced. Big Oil […]

The post Count Down to the US Election appeared first on Action Forex.

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21/03/2024

USD/CHF Analysis: SNB Decision Breaks Multi-month Trend

According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF. His words in January seem to be in line […]
06/08/2024

AUDUSD Stays in One Piece After Flash Crash

AUDUSD bounces back from its lowest point in nine months Short-term risk skewed to the upside; close above 0.6500 needed RBA maintains steady policy; pushes back rate cut timing AUDUSD encountered a significant drop to a nine-month low of 0.6346 on Monday, marking its worst daily performance since the pandemic, but it quickly found fresh buying […]
13/12/2023

NZD/USD Slips Ahead of GDP, Fed Meeting

New Zealand GDP expected to decelerate US inflation ticks lower Fed widely expected to pause The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%. US inflation ticks lower, all eyes on Fed US inflation ticked lower in October as expected and the release […]