Logo-color Logo-white

Five mega-cap technology stocks (Alphabet, Microsoft, Meta, Apple and Amazon) will report their respective earnings results this week. Bullish momentum of the recent 4-week rally seen in the 10-year US Treasury yield remains intact. A continuation of the surge in the 10-year US Treasury yield may challenge the positive vibes from the US mega-cap technology […]

The post Nasdaq 100 Technical: Negative Feedback Loop from Rising US Treasury Yields May Overshadow Mega-Cap Earnings Results appeared first on Action Forex.

previous

A Bearish Gap on the Brent Crude Oil Chart

next

NASDAQ Futures (NQ_F) Forecasting the Rally From the Equal Legs Zone

Read More

13/12/2023

Sweet and Sour

US headline inflation fell to 3.1% as expected, thanks to an almost 9% fall in gasoline prices since last year, although shelter inflation – which is where everyone sees the biggest potential for easing – remained sticky yet another month. Core inflation eased to 4% on a yearly basis, BUT headline inflation was slightly higher-than-expected […]
14/02/2024

January CPI: A Great Disservice

Summary The January CPI data came in hotter than expected and did little to give the FOMC the “greater confidence” it needs to start imminently cutting rates. Gasoline prices declined for the fourth month in a row, but an outsized jump in energy services and food prices tempered any enthusiasm from the decline in fuel […]
29/10/2024

First Dollar Resistance Situated at EUR/USD 1.076

Markets Last week’s waiting game extended into the first trading day of the new and jampacked one. Oil prices crashed more than 6% to $71.4/b (Brent) after Israel spared Iranian oil facilities in retaliatory strikes over the weekend. Markets elsewhere were much more contained. Core bonds diverged with US Treasuries underperforming German Bunds. A double […]