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Nikkei 225 fall inside sideways price range Likely to fall to support level 38025.00 Nikkei 225 index recently reversed down from the strong resistance level 40285.00 (upper border of the tight sideways price range inside which the pair has been moving since October) standing close to the upper daily Bollinger Band. The downward reversal from […]

The post Nikkei 225 Wave Analysis appeared first on Action Forex.

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25/06/2024

Tech Down, Energy Up

The selloff in Nvidia deepened yesterday and sent the shares into the correction territory following a 10% selloff. Nvidia shares erased around $430 bn in market cap over the past three sessions. The selloff hit suddenly, right after the company stole the status of the world’s most valuable company from Microsoft last week. There has […]
03/02/2024

Weekly Economic & Financial Commentary: A March Rate Cut Bites the Dust

Summary United States: A March Rate Cut Bites the Dust It was a busy week for economic data, but Friday’s employment report stole the show. Nonfarm payrolls rose 353K in January, almost double the consensus expectation. While we suspect the Federal Reserve will put more weight on the Employment Cost Index’s soft reading on labor […]
06/03/2024

Bitcoin Spooked by Highs, Ethereum Still Climbing

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