Logo-color Logo-white

Macro factor (10-year US Treasury yield) has likely taken over the driver’s seat in dictating the short to medium-term directional movements of the major US stock indices. Last Friday, 31 May key intraday bullish reversals recorded in the S&P 500, Nasdaq 100, and Dow Jones Industrial Average were led by an earlier rally in the […]

The post Nasdaq 100: Bullish Reversal Remains Intact Supported by Positive Momentum in 10-year T-Note Futures appeared first on Action Forex.

previous

Bank of Canada Edges Closer to Rate Cut But Will it be in June?

next

Oil Prices Dive: Is a Rebound on the Horizon?

Read More

05/06/2024

Gold Price At Risk of Additional Losses – Here’s Why

Key Highlights Gold declined and tested the $2,315 zone. A key declining channel is forming with resistance at $2,345 on the 4-hour chart. EUR/USD is holding gains above the 1.0850 level. GBP/USD seems to be aiming for more gains above 1.2800. Gold Price Technical Analysis Gold prices started a fresh decline from the $2,450 resistance […]
11/04/2024

What’s Behind the US Economy’s Resilience?

US economy is still sizzling, outperforming other regions Several factors behind this strength, such as heavy public spending For US dollar to enjoy a massive rally, it may also need risk aversion Why is the US economy still so strong?  One of the most striking developments over the past year has been the extraordinary resilience […]
04/01/2024

WTI Oil Futures Battle With Descending Trendline

WTI futures attempt to break above crucial trendline  But their advances are constantly held down  Momentum indicators suggest a cautiously positive tone WTI oil futures (February delivery) have been on the retreat since their October peak of 89.85, breaking below consecutive support zones. Although the price has been trying to recover some ground in the last few sessions, the downward […]