Logo-color Logo-white

US 30 index in the red after recording a new 22-month high Aggressive move higher from the October lows Some early signs of rally exhaustion from the momentum indicators The US 30 cash index is trying to record its second consecutive red candle after registering a new 22-month high, 12% higher from the late October […]

The post US 30 Cash Index Battles With Key Trendline appeared first on Action Forex.

previous

Financial Markets Were Feeling Hangover From November Rally

next

EURUSD Fails to Surprise During 2023

Read More

31/08/2024

Markets Weekly Outlook – NFP Jobs Data to Rule Out 50 bps Fed Rate Cut?

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions. Week in Review: Rate Cut Hopes Alive Post PCE Data […]
08/02/2024

Australian Dollar Dips as China’s Inflation Declines

The Australian dollar has edged lower after China posted a soft inflation report. In the European session, AUD/USD is trading at 0.6509, down 0.18%. The new year hasn’t brought much cheer to the Australian dollar, which hasn’t had a winning week in 2024. Earlier in the week, The Australian dollar dropped below the 0.65 line […]
16/07/2024

China Q2 2024: Diverging Sectors and Risks

China’s Q2 activity data again highlighted disparate conditions across the economy. New industry continues to surge ahead, but the consumer is being left behind. China GDP disappointed in Q2, gaining 0.7% after a 1.6% increase in Q1. Year-to-date at June, growth of 5.0% is down from 5.3% in March, but still consistent with authorities ambitions […]