Logo-color Logo-white

Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq 100 technical analysis indicates potential for further decline or dip-buying rebound. Global markets extended their losses in Asian trading as concerns about a […]

The post Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid appeared first on Action Forex.

previous

Crypto Investors Have Lost Their Nerve

next

AUD/USD Technical: Dropped Towards 0.6360 Key Range Support Ahead of RBA

Read More

08/02/2024

Euro Doesn’t Give the Impression to be Able to Really Profit from (Temporary) USD Softness

Markets US and European bond yields both ‘rebounded’ 2-3 bps yesterday after Tuesday correction. YTD peak which came within reach after Monday’s strong US services ISM for now prove to be a too high hurdle. Fed Speakers (Kugler, Collins, Barkin, Kashkari) gave small nuances on the mantra that inflation is cooling, but that more evidence […]
09/01/2024

 U.S. Small Business Optimism Improved Moderately at End of 2023

NFIB’s Small Business Optimism Index rose 1.3 points to 91.9 in December, coming in above market expectations for a modest increase. Despite the increase, the index was still 6 points below its historical average of 98 points. Five of the ten subcomponents improved on the month, three deteriorated, and two remained unchanged. Leading the gains […]
10/05/2024

Week Ahead – US Inflation Numbers to Shake Fed Rate Cut Bets

Fed rate-cut speculators rest hopes on US inflation data After dovish BoE, pound traders turn to UK job numbers Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start Spotlight turns to US CPI numbers At last week’s meeting, the Fed appeared less hawkish […]