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Equity markets across Europe and the US began the week on a positive footage, except for oil stocks. Energy companies were hit by a 5% dive in oil prices due to Israel’s targeted attack on Iranian military facilities. The barrel of US crude is trading below the $68pb this morning. A major part of the […]

The post Equity Bulls on Edge as Key Data and Earnings Loom appeared first on Action Forex.

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16/09/2024

USD/JPY Falls to the Lowest in Over One Year After Violation of Key Supports

USDJPY fell to the lowest levels since July 2023 in early Monday trading as fresh acceleration lower broke pivotal supports at 140.77 (weekly cloud base) and 140.48/25 (Fibo 61.8% of 127.22/161.95 rally / Dec 28 low) and moved below psychological 140 support. The dollar remains under pressure on firm expectations for Fed rate cut this […]
12/03/2024

Nikkei 225 Technical: At Risk of Shaping a Multi-Week Corrective Decline

Recent rapid gains seen in the Nikkei 225 are likely to be attributed to the highly anticipated positive outcome of Japan’s annual wage negotiations results. The expected increase in wage growth for FY 2024/2025 may have already been fully priced in by the Japanese stock market. Recent bearish elements sighted in the US S&P 500 […]
23/07/2024

FTSE 100 Consolidates, S&P 500 Faces Critical Test, Earnings Ahead

The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout. Glencore and Anglo American experiencing declines while Compass reports strong revenue growth. The S&P 500 faces a critical resistance level that could shift market momentum, with Alphabet and Tesla’s earnings reports expected to influence investor sentiment. FTSE 100 […]