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The US stock markets have steadily climbed since the 2008 financial crisis, achieving a remarkable 740% growth between 2009 and 2024. This upward trajectory, while occasionally disrupted by events like COVID-19 and the Ukraine War, has consistently rebounded, defying recession predictions and showcasing market resilience. The S&P 500’s performance since 2008 is illustrated in the […]

The post Navigating the Next Chapter: US Stock Market Outlook Amidst Economic Indicators and Global Risks appeared first on Action Forex.

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14/03/2024

WTI Oil Futures Fight With 80.80 Bar

WTI crude rebounds off 200-day SMA Remains in an uptrend in the short-term WTI oil futures are finding a strong support level near the 200-day simple moving average (SMA) at 78.00 and are also struggling to jump beyond the 80.80 resistance. The price has been in an uptrend since mid-December with the technical oscillators suggesting a neutral to bullish bias. The RSI […]
01/10/2024

US: Manufacturing Index unchanged in September  

The ISM Manufacturing Index was unchanged in September, holding at 47.2 and a smidge below expectations for a 47.5 print. As in July and August, only five of 18 industries reported growth for the month, but as only one of the six largest industries grew, a greater share of manufacturing GDP contracted (77% vs. 65% […]
05/01/2024

NZD/JPY Price Analysis: Rises Sharply and Shifts Bullish After Reclaiming 90.00

NZD/JPY’s 0.70% surge driven by Japanese Yen’s broad weakness, indicating a bullish turn above the Ichimoku cloud. Upcoming resistance challenges include cycle high at 90.43 and the key 91.00 psychological level. Bears could regain ground, targeting supports at Kumo’s top, the Kijun-Sen, and Kumo’s bottom. The NZD/JPY soared sharply and posted gains of more than […]