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Let’s continue to count. 41. The S&P500 celebrated its 41st record high yesterday. Even though yesterday’s session began on a softish note – after the data showed the biggest drop in the US consumer sentiment since August 2021, another one revealing that Jensen Huang is done selling his Nvidia shares outshined the doom and gloom […]

The post Equities Extend Rally on China Stimulus, Fed Cut Bets appeared first on Action Forex.

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11/10/2024

US 100 Index Slows Down Near September’s High

US 100 index holds within bullish area but lacks steam Bulls need a close above 20,325-20,500 to strengthen uptrend The US 100 stock index is about to open mildly lower on Friday despite upbeat US banking earnings, weighed by Tesla’s disappointing guidance on its self-driving robotaxis. The index stabilized around September’s high and near the […]
27/05/2024

DAX Elliott Wave: Buying the Dips at the Blue Box Area

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. DAX is showing impulsive bullish sequences in the cycle from the October 2023 low. Recently we got a 3 waves pull back that has ended right at the […]
24/06/2024

American Apathy Supports Oil

The price of crude Oil rose steadily in the previous fortnight and is starting the new week with a positive trend. This rise emphasises the importance of the 200-week moving average, below which the price has not fallen for a long time for more than three years. The OPEC+ meeting in early June rattled the […]