Logo-color Logo-white

US 500 stock index loses steam before reaching all-time high Technical signals show falling buying appetite; support at 5,850 The US 500 stock index is shaky at the top of its uptrend. It recently lost some momentum, closing below October’s support trendline on the four-hour chart. This might lead to increased selling interest if the price also […]

The post US 500 Index Little Wobbly Near Record High appeared first on Action Forex.

previous

Sunset Market Commentary

next

Fed’s Kashkari sees modest rate cuts ahead to neutral

Read More

24/06/2024

Yen Steadies After Dreadful Week

The Japanese yen has posted gains on Monday. In the European session, USD/JPY is trading at 159.26, down 0.10%. The yen hasn’t had a winning daily session since June 19th and declined 1.5% last week. On the data front, Japan releases the Services Producer Price Index. There are no economic releases in the US but […]
26/08/2024

News of the Week (August 26— August 30): EURUSD Analysis!

EURUSD presents enticing opportunities for all traders—keep watching! The EURUSD pair, often referred to by traders as the “Fiber,” is the most traded currency pair in the Forex market. It reflects the Euro’s relative strength against the US Dollar, two of the world’s most significant currencies. The US Dollar’s value is heavily influenced by economic […]
18/10/2024

GBP/USD Takes Hit While USD/CAD Remains in Uptrend

GBP/USD started a fresh decline below the 1.3200 zone. USD/CAD is rising and might aim for more gains above the 1.3820 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a major decline from the 1.3400 resistance zone. There was a break above a key bearish trend line forming with resistance […]