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US 100 index trades a tad below its all-time high The US election rally appears to have fizzled out Momentum indicators remain bullish at this stage The US 100 cash index is moving sideways again today, as the rally since the US presidential election date appears to have concluded. A new all-time high has been […]

The post Has US 100 Index Rally Run Its Course? appeared first on Action Forex.

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23/08/2024

Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks

Gold prices retest $2500/oz ahead of Fed Chair Powell’s Jackson Hole speech. Gold’s rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell’s remarks have? Gold prices are back at $2500/oz following a long awaited retracement which materialized during Thursdays US session. A […]
21/10/2024

EUR/USD Turns Red, Are Bears Back In Action?

Key Highlights EUR/USD started a major decline below the 1.1000 support. A short-term bearish trend line is forming with resistance at 1.0865 on the 4-hour chart. GBP/USD extended losses and tested the 1.2965 support zone. Bitcoin surged above the $67,500 and $68,000 resistance levels. EUR/USD Technical Analysis The Euro started a fresh decline below the […]
07/03/2024

USD/CAD Analysis: Canadian Dollar Strengthens after Bank of Canada Decision

The Bank of Canada has decided to keep interest rates at 5.0% for the fifth time in a row, it announced yesterday, as it continues to look for clearer signs that inflation is moving closer to the bank’s 2% target before considering rate cuts. According to Bank of Canada Governor Tiff Macklem: → the Bank […]