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Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment […]

The post Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates? appeared first on Action Forex.

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16/01/2024

USDCAD Breaks Above Downtrend Line

USDCAD surges after breaking a downtrend line MACD and RSI detect positive momentum A dip below 1.3345 is needed to turn the picture bearish again USDCAD traded sharply higher today, after it broke above the downtrend line drawn from the high of November 1. The pair is currently respecting a new shorter-term upside support line […]
20/05/2024

Gold Hits New Record High

On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven assets. Recent statistics indicating a slowdown in consumer inflation in the […]
22/04/2024

Relief Before Earnings

The week starts with a relief rally in equities following a calm weekend on the geopolitical scene. The US 2-year yield pushes above 5% ahead of US GDP and PCE updates. Four of Magnificent 7 are due to report earnings this week. Oil under pressure following calm weekend US crude kicks off the week under […]