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Better than expected US non-farm payrolls & unemployment rate for September have revived the soft to non-landing narrative. The Citigroup US Economic Surprise Index has improved significantly since August. The improvement in US economic growth prospects is likely to benefit the Russell 2000 at least in the medium-term. Since our last publication, the performance of Russell […]

The post Russell 2000: Soft to No-Landing Supporting Another Bullish Upleg appeared first on Action Forex.

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24/01/2024

Bitcoin – Extends Losses to More Than 20% After Spot ETF Approvals

Bitcoin falls below $40,000 Is the bitcoin halving priced in? 50 Fib the next test Bitcoin is trading around 2% lower on Tuesday, adding to losses at the start of the week and taking the price below $40,000. The move takes the decline since peaking shortly after the SEC approved spot bitcoin ETFs to more […]
16/08/2024

Strong US Retail Sales Send Yields Soaring

In focus today Today we get UK retail sales data for July at 8.00 CET. According to polls from Reuters, analysts expect overall retail sales to grow by 0.5% m/m and retail sales excl. fuels to grow by 0.8% m/m. In the US, the University of Michigan Consumer Sentiment survey is released at 16.00 CET. […]
19/07/2024

USDCAD Advances Within Trading Range

USDCAD bounces off 1.3600 and 200-day SMA Momentum oscillators suggest more gains USDCAD has been still developing within a trading range of 1.3600 and 1.3790 since April 17, with strong support at the 200-day simple moving average (SMA). The recent rebound from 1.3600 reflects the oscillators’ strengthening momentum. According to technical oscillators, the stochastic oscillator […]