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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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20/06/2024

XAUUSD: Trend Breaking?

On the H4, XAUUSD reached a downtrend line after a short-term rise. The price is approaching the critical resistance area and MA200, which also acts as resistance. In this case, two scenarios are possible. If Gold breaks the resistance of 2350, the trend line and MA200, a bullish trend will start up to 2385; Otherwise, […]
19/08/2024

Crypto Market Attracts Money, But Prices Don’t Rise

Market Picture On Monday morning, the crypto market capitalisation stood at $2.07 trillion, up slightly from $2.05 trillion a week earlier. In the previous two weeks, the market failed to rally above the $2.15 trillion level, which has become a local resistance. The weakness in the crypto market undermines our confidence in a global recovery […]
30/07/2024

WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel

Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting further potential weakness for WTI crude oil below US$80.30 key medium-term resistance. Since its high of US$84.74 printed on 5 […]