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In focus today In Sweden, today’s foreign trade data for July will give some preliminary insight into Q3 activity. Riksbank vice governor Anna Breman gives a speech on climate and monetary policy at 13:00 CET. NVIDIA quarterly earnings are due tonight. The company, which moves up and down in the top 3 most valuable listed […]

The post Markets Poised for Nvidia Earnings appeared first on Action Forex.

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Gold: Long-Term Bullish, Short-Term Correction

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11/09/2024

Nasdaq Wave Analysis

Nasdaq reversed from support zone Likely to rise to resistance level 19135.00 Nasdaq index recently reversed up from the support zone located between the key support level 18500.00, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from August. The upward reversal from this support zone created the daily Japanese candlesticks […]
11/04/2024

EUR/USD: Bears Taking a Breather Ahead of ECB Policy Decision

The Euro remains firmly in red and holding near last week’s low at 1.0725, following a sharp fall on Wednesday (the pair was down 1%). Higher than expected US inflation in March, cooled market expectations for Fed’s first rate cut in June and provided strong boost to US dollar, deflating its major counterparts. Market focus […]
11/06/2024

Macron Calling for French Snap Election Shakes Markets

In focus today In the US, NFIB’s small business optimism index is due for release for May. General sentiment has remained weak over the past few months, and also firms’ price plans took a turn lower in the April survey. In the UK, focus turns to the release of the official UK labour market report. […]