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US 100 index holds within bullish area but lacks steam Bulls need a close above 20,325-20,500 to strengthen uptrend The US 100 stock index is about to open mildly lower on Friday despite upbeat US banking earnings, weighed by Tesla’s disappointing guidance on its self-driving robotaxis. The index stabilized around September’s high and near the […]

The post US 100 Index Slows Down Near September’s High appeared first on Action Forex.

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07/11/2024

Rate Decisions and German Politics Join US Election as Key Market Focus Areas

In focus today Today, focus will remain on investors digesting the US election result. In addition, German political uncertainty has resurfaced (see below) and we are in for several important monetary policy decisions. We expect Fed to cut rates by 25bp to 4.75%, the BoE to cut by 25bp to 2.75%, the Riksbank to cut […]
04/04/2024

Gold Rally Turns Golden After Another Record

Gold unlocks fresh all-time high Bullish wave could stabilize, but perhaps temporarily Gold has been in an uninterrupted record rally over the past week, ticking to a new high of 2,304 before losing some steam early on Thursday. While investors continue to debate the longevity of the bullish wave as the rate cut scenario remains […]
12/08/2024

US CPI and Retail Sales Data to Test Fed Rate Cut Bets

Investors panicked after NFP report But incoming data eased fears and rate cut bets Still, market pricing remains overly dovish Focus turns to US CPI on Wednesday and retail sales on Thursday, at 12:30 GMT Latest data ease recession fears Following the weaker-than-expected US employment report for July, market participants entered panic mode as recession […]