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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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Market Analysis: AUD/USD Rallies Toward 0.7000, NZD/USD Follows Suit

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20/11/2024

AUD/USD and NZD/USD Recover – More Gains Ahead?

AUD/USD is attempting a recovery wave from 0.6440. NZD/USD is also correcting losses and might recover if there is a clear move above the 0.5950 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6440 and is now recovering against the US Dollar. There was a break above a […]
22/08/2024

FOMC Ready For September Rate Cut After Minutes and Weaker Job Growth

In focus today August Flash PMIs are due for release today from the euro area, the UK and the US. July figures signaled weakening growth momentum especially in the euro area as the manufacturing index remains well in recession territory. We still forecast positive growth for all three economies during H2 and more upbeat PMIs […]
15/11/2024

USD/JPY Extends Gains: Is More Upside Ahead?

Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil is consolidating and facing hurdles near the $70.00 resistance. USD/JPY Technical Analysis The US Dollar started a fresh increase from […]