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The week kicked off on a mixed note. Equities in Europe fell, the major US indices were near flat, slightly positive for the S&P500 and Nasdaq, and slightly negative for the Dow Jones, as technology stocks extended a rebound into a second day while oil stocks retreated on a further selloff in crude oil. US […]

The post Uncertainty Looms Ahead of Mag7 Earnings, Rate Decisions appeared first on Action Forex.

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15/03/2024

Bitcoin Could Correct to $60K

Market picture The cryptocurrency market is under pressure, losing 6% of its capitalisation in the last 24 hours to $2.6 trillion. Bitcoin is losing almost 7% in 24 hours, at one point wiping out last week’s gains and falling to $66.7K. We note that the current area of active buying is below last week’s selling […]
05/01/2024

EURAUD Wave Analysis

EURAUD reversed from support level 1.6155 Likely to rise to resistance level 1.6465 EURAUD recently reversed up from the key support level 1.6155 (which reversed the price multiple times from the middle of December). The support level 1.6155 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly down […]
19/07/2024

Week Ahead – Flash PMIs, US GDP and BoC Decision on Tap

US data awaited amid overly dovish Fed rate cut bets July PMIs to reveal how economies entered H2 BoC decides on monetary policy, may cut rates again Will investors add to their Fed rate cut bets? With investors ramping up their Fed rate cut bets, the US dollar suffered during the first half of the […]