Logo-color Logo-white

US 30 index strengthens uptrend to all-time high of 42,904 Short-term bias is positive, but the way up may not be straight The US 30 index (cash) hit an all-time high of 42,904 in less than a month on Friday and closed above the constraining line at 42,550, raising confidence that its record rally has more room […]

The post US 30 Index Celebrates Another Record High appeared first on Action Forex.

previous

Earnings Season Kicks Off Strong, Oil Markets on Edge

next

ECB to Cut Rates Despite Plethora of Reasons for a Pause

Read More

NZ Dollar Under Pressure as Services Data Disappoints

The New Zealand dollar is lower on Monday. In the European session, NZD/USD is trading at 0.6082, down 0.44%. Services PMI contracts for seventh straight month New Zealand’s economy has been struggling, and a key factor has been the contraction in the services sector. The services PMI remained steady in September at 45.7 following an […]
12/12/2023

US CPI Data: Dollar Down As Rate Uncertainty Sustains Volatility

As the clock ticks towards 13:30 GMT, financial markets are bracing for the release of the Consumer Price Index (CPI) data for November, a pivotal metric that provides a snapshot of the current state of the United States economy. The CPI measures the average change over time in the prices paid by urban consumers for […]
30/11/2023

Nothing Says ‘Let’s Save the Planet’ Like a Summit Led by a Big Oil CEO

The rally in US bonds continued at full speed yesterday and bonds are set to record their best month since the GFC this November. The US 2-year yield tumbled to almost 4.60% yesterday from nearly 5% at the start of the week. While the 10-year yield rebounded after hitting 4.25%. That makes an almost 40bp […]