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The US indices, S&P500 and Nasdaq100, closed at new all-time highs, largely due to Apple’s positive performance. However, other markets and indices are far from similarly positive. This both leaves room for growth and indicates investor wariness. The Nasdaq100 index is above 19200, adding 0.7% over the last day and adding 16.1% YTD. Futures are […]

The post Fed Can End US Indices’ Divergence appeared first on Action Forex.

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16/05/2024

AUDUSD Wave Analysis

AUDUSD broke key resistance level 0.6650 Likely to reach resistance level 0.6760 AUDUSD currency pair recently broke the key resistance level 0.6650, which has been reversing the pair from the start of March. The breakout of the resistance level 0.6650 coincided with the breakout of the 61.8% Fibonacci correction of the downward correction from the […]
17/01/2024

China Beats its 2023 Growth Target

In focus today This morning at 8:00 CET we get inflation data for December from the UK, where consensus expects both headline and core inflation to ease further on a yearly basis. Key will be how service inflation develops as this remains an important input for the Bank of England to determine underlying inflation pressures. […]
09/04/2024

First Impressions: NZIER Survey of Business Opinion, Q1 2024

Business confidence slumped in March, after a post-election bounce in December. Key results (seasonally adjusted) General business confidence: -23.7 (Previous: -9.9) Trading activity, past three months: -23.2 (Previous: +6.7) Trading activity, next three months: -11.5 (Previous: +6.6) % reporting a rise in operating costs over the past 3 months: 53.1 (Previous: 54.7) % who increased […]