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Markets Monday’s uptick in yields already got wiped out yesterday. Culprit this time: US JOLTS. October job openings fell from a downwardly revised 9350k to 8733k vs the 9300k expected. It’s still a historically high number but it suggests the labour market is further normalizing. In current circumstances this is all the evidence (for a […]

The post DXY Escaped Downward November Trend Channel appeared first on Action Forex.

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16/01/2024

‘First Five Days’ Rule Points to a Challenging Year

US equity indices declined in the first five trading sessions of January. This dynamic promises a challenging year for the stock market, according to the old “first five days” rule. Identifying a defining trend would have been an easy task if not for stabilisation on the day of the NFP release on January 5 and […]
14/10/2024

EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve’s monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year. Economic data from Germany […]
30/05/2024

WTI Crude Oil Erases Gains Below 80.00

WTI crude oil finds resistance at 200-day SMA Stochastics and RSI head south WTI crude oil futures with delivery in July have failed to surpass the 80.00 level once again and are currently returning below the 200-day simple moving average (SMA). The price has been developing within a narrow range of 76.58-80.00 since the beginning […]