Logo-color Logo-white

S&P 500 reversed from support level 5000.00 Likely to rise to resistance level 5300.00 S&P 500 index recently reversed up from the support zone lying between the round support level 5000.00 (which also stopped the previous correction (2)), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from January. The upward […]

The post S&P 500 Wave Analysis appeared first on Action Forex.

previous

GBP/USD: Action Slows Ahead of BoE Policy Decision on Thursday

next

Bitcoin Price Is At Risk of Another Decline – Here’s Why

Read More

28/10/2024

November Flashlight for the FOMC Blackout Period

Summary The FOMC started its nascent easing cycle with a bang, opting to reduce the fed funds target range by 50 bps to 4.75%-5.00% at its last meeting on September 18. But further policy easing seems set to proceed at a slower pace. We look for the FOMC to reduce the fed funds rate by […]
18/06/2024

The US and the Rest

The S&P500 hit a record high yesterday, its 30th record high since the beginning of this year. The technology stocks led the rally. Apple, which revealed its plans to integrate ChatGPT into its iPhones last week, gained 2% and Tesla jumped more than 5% on news that it has been given approval to test its […]
17/09/2024

Sunset Market Commentary

Markets A range of ECB speeches in the wake of last week’s policy decision confirmed the different approach of Frankfurt – in all likelihood – is taking compared to the Fed. Kazaks (Latvia) and Holzmann (Austria) did so last week. Kazimir (Slovakia) today said that the next move (down) “must almost surely wait until December”. […]