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US 500 index posts negative days lately Next support at long-term rising trend line Momentum oscillators confirm bearish correction The US 500 cash index is recording the fourth straight negative session, losing more than 3%. The price is currently retreating beneath the 5,565 strong resistance level as well as below the 20- and the 50-day […]

The post US 500 Index Could See Further Weakness appeared first on Action Forex.

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21/02/2024

Canada: Inflation Sees Some Welcomed Cooling in January

Headline CPI inflation cooled more than expected in January, stepping down half a point to 2.9% year-on-year (y/y). Energy prices, and more specifically gasoline prices, were a key part of lower inflation, with gasoline prices down 4% versus a year ago. But even ex-gasoline headline CPI inflation slowed from 3.5% y/y in December to 3.2% […]
09/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently displays an overall bearish momentum which is highlighted by the bearish channel. In this context, there is a potential scenario for price to make a bearish continuation towards the 1st support. The 1st support level at 102.07 is identified as a pullback support that aligns with the […]
22/07/2024

Crypto Rests After Another Rise

Market picture The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday. Judging by the dynamics, the market prefers to stand still, waiting for new signals, which may be statements […]