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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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17/01/2024

EUR/AUD Technical: AUD’s Underperformance Remains Sticky

Current bout of risk-off behaviour has triggered an underperformance of higher beta risk-sensitive currencies such as the AUD. China Premier Li Qiang’s speech in Davos has signalled “a lesser need” for China to enact massive stimulus measures which in turn may see lesser industrial commodities exports from Australia in the near term. AUD’s weakness has […]
26/12/2023

USD/JPY Yawns after BoJ CPI Slips

BOJ Core CPI falls to 2.5% BoJ’s Ueda hints at possible shift in policy The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%. BoJ Core CPI drops more than anticipated Japanese inflation indicators have been heading lower. Last week, Core CPI, which excludes fresh […]
18/04/2024

Enough Fed Rate Cut Delay is Discounted

Markets In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported core bonds. US yields dropped […]