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Nasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week. Today’s data focus will be on US non-farm payrolls and ISM Services PMI for April to offer clues on whether the stagflation risk narrative is still alive. Macro factors such as the movement of the US 10-year […]

The post Nasdaq 100: Sandwiched, Watch US 10-Year Treasury Yield Next appeared first on Action Forex.

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12/12/2023

Swiss Franc Shines, Turns to SNB Decision for Fuel

SNB announces its decision at 08:30 GMT Thursday Markets pricing in 25% probability for a rate cut However, that’s unlikely to happen so soon Overall, outlook for Swiss franc remains positive Swiss economy slows The Swiss economy hit a road bump lately. Economic growth almost came to a standstill in the third quarter, printing just […]
18/12/2023

Central Banks Look to Spoil the Party, BoJ Eyed Tonight

Not the most thrilling start to the week but that’s to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of last week was quite the ride, with the Fed going further than many expected on rate cuts for next year, […]
14/03/2024

Canadian Dollar Seeks Opportunities for Growth

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen. Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth increased by 1.8%, or 300 billion Canadian dollars, smoothing out the decline seen in the previous quarter. This increase can […]