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Short-term positive animal spirits have resurfaced in China and Hong Kong stock markets stoked by additional liquidity injection from PBoC and the creation of a “stabilization fund”. Long-term prospects are still dim as a liquidity trap scenario cannot be ruled out in the real economy due to weak consumer and business sentiment. Watch the next […]

The post Hang Seng Index Technical: Countertrend Rebound in Play But Not Major Bottoming appeared first on Action Forex.

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02/08/2024

WTI Crude Oil Hovers Beneath 200-day SMA

WTI trades within symmetrical triangle 20- and 50-day SMAs are ready for bearish cross WTI crude oil is moving back and forth from the 200-day simple moving average (SMA), with a strong resistance area near the potential bearish crossover between the 20- and 50-day SMAs. The price is developing within a symmetrical triangle in the medium-term […]
22/02/2024

Fed Minutes Confirm that FOMC Will Take a Cautious Approach to Rate Cuts

The minutes from the January 30-31, 2024 Federal Open Market Committee (FOMC) highlight that the Fed has not declared victory in its fight against inflation, and that curtailing price pressures remains the current focus for the Fed. On the current economic backdrop, Committee members noted that “recent indicators suggested that economic activity had been expanding […]
03/06/2024

Trade of the Week (June 3-7)

Hey guys! For the first week in the month of June, there sure is a lot of market adjustments expected due to the fact that it serves as the start of a new month candle as well. To prep everyone for some quality trading opportunities this week, I will be sharing my views on GBPNZD […]