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This week, five companies with market capitalisations exceeding $1 trillion are set to release their quarterly earnings: → Alphabet (GOOGL) on October 29 → Microsoft (MSFT) on October 30 → Meta Platforms (META) on October 30 → Apple (AAPL) on October 31 → Amazon (AMZN) on October 31 These results and profit forecasts from leading […]

The post Nasdaq 100 Consolidates Ahead of Major Market Leader Earnings Reports appeared first on Action Forex.

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15/08/2024

Reserve Bank of New Zealand Pivots to Rate Cuts

Summary The Reserve Bank of New Zealand (RBNZ) kicked off its rate cut cycle at this week’s meeting, lowering its policy interest rate by 25 bps to 5.25%. The decision was a mild surprise, with an overall majority of analysts (including ourselves) expecting the central bank would remain on hold. Several factors contributed to the […]
12/03/2024

GBPCAD Wave Analysis

GBPCAD reversed from resistance level 1.7325 Likely to fall to support level 1.7200 GBPCAD currency pair today reversed down from the long-term resistance level 1.7325 (which has been reversing the pair from the middle of last year, as can be seen below). The resistance level 1.7325 was further strengthened by the upper daily and the […]
19/07/2024

Gold: Reversal or Typical Retreat?

Gold made an impressive 3% surge during the week, breaking May’s all-time highs. However, it then retreated to the downside, selling off throughout the second half of the week. What should you watch out for to see if this is a reversal? Pullbacks after making new highs have been a typical pattern for gold in […]