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The US equities followed up on the European stock market gains on Monday; technology stocks gained the most and their precious contribution to the S&P 500 pushed the latter up by more than 1.40% yesterday, as Nasdaq 100 rallied past 2%. Boeing and Spirit AeroSystems were heavily hit by a after Boeing’s 737 Max 9 […]

The post Shaky optimism appeared first on Action Forex.

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Dollar and Euro Keep Each Other Balanced

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Hard Eurozone Data, Soft US Data

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06/08/2024

AUD/USD Remains Under Pressure as RBA Holds Rates

The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today. The markets […]
10/09/2024

Sterling a Tad Stronger After Labour Market Data

Markets This week’s opening session can be easily classified. Risk sentiment improved somewhat after last week’s beating with key European and US stock markets gaining slightly under/over 1%. That doesn’t cover ground lost though with technical pictures still sending correction vibes. The trade weighted dollar (DXY) last Friday tested the first support in around 100.50/60 […]
14/05/2024

Platinum Wave Analysis

Platinum reversed from resistance level 1010.00 Likely to fall to support level 990.00 Platinum just reversed down from the major resistance level 1010.00, which has been reversing the price from the end of December. The resistance level 1010.00 stands well above the upper daily Bollinger Band – increasing the possibility of the sharp correction in […]