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The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US inflation figures released earlier. Inflation has recently been a critical driver of market volatility, thus its stabilisation […]

The post S&P 500 Index Hits Record High Amidst Lower Inflation appeared first on Action Forex.

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14/06/2024

GBPJPY bBounces to 14-Year High; Eyes on 201 Resistance

GBPJPY unlocks a new high after the Bank of Japan defies expectations of reduced bond purchases Technical signs are positive, but the bulls need to breach the 201 obstacle GBPJPY stepped on the long-term ascending line at 200 and jumped to a new 14-year high of 201.59 in the BoJ aftermath on Friday with scope […]
22/12/2023

USD/JPY Remains In Downtrend, US GDP Disappoints At 4.9%

Key Highlights USD/JPY failed to clear the 145.00 resistance zone and declined. A major bearish trend line is forming with resistance at 144.00 on the 4-hour chart. EUR/USD and GBP/USD remained in a positive zone and eye more gains. The US GDP grew 4.9% in Q3 2023, less than the market forecast of 5.2%. USD/JPY […]
08/07/2024

EUR/USD Gains Ground Despite French Election Shocker

The euro has started the week with gains and is trading at 1.0836 in the European session, up 0.33% on the day. EUR/USD is coming off its best week of the year, gaining 1.19%. France veers to the left in Round 2 France has been on a political roller over the past two weeks and […]