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The week started with limited appetite in US stock and a fresh record for Bitcoin. Major US indices were flat on Monday’s trading session. The S&P 500 slid 0.11% as sentiment in technology stocks was mixed. Nvidia tumbled 2% yesterday, but Google gained nearly 2%. The US dollar recovered the post-US jobs data losses, the […]

The post Limited Appetite Ahead of US CPI, Bitcoin at Record appeared first on Action Forex.

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18/06/2024

Dollar Took a Breather But Shows Resilience Despite More Constructive Risk Sentiment

Markets The European risk-off from last week shifted into a lower gear. Markets pondered comments from Marine Le Pen of the far right Rassemblement National as she indicated she would respect France’s institutions and was prepared to cooperate with President Macron after the elections. Bunds returned part of their safe haven gains with yields rebounding […]
16/09/2024

USDJPY Unlocks New 14-Month Low

USDJPY dives below 140.70 key level Momentum oscillators continue downside pressure USDJPY has declined considerably towards a new 14-month low of 139.56 earlier today, continuing the significant sell-off. The price has been in a bearish tendency since mid-August with the technical oscillators confirming the current move. The MACD oscillator is standing beneath its trigger and […]
21/03/2024

Is Swiss National Bank About to Slash Rates?

SNB will announce its rate decision on Thursday at 08:30 GMT Inflation has cooled, so market is pricing 35% chance of rate cut For the Swiss franc, the outlook has started to turn negative Inflation cools down The Swiss economy is losing momentum. Economic growth slowed sharply last year, clocking in at just 0.6% in […]