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The Dow Jones Industrial (DJIA) has managed to print a fresh all-time high in September while the S&P 500 and Nasdaq 100 have yet to break above their July all-time highs. The US Treasury yield curve bull steepener has reinforced a defensive rotation play in the US stock market. Watch the key medium-term support of […]

The post US DJIA: In Vogue Over SPX 500 and Nasdaq 100 as FOMC Looms appeared first on Action Forex.

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03/02/2024

Will Weak Jobs Data Prompt RBNZ to Drop Hiking Bias

RBNZ remains hawkish despite slowing inflation and weaker growth Investors price in 90bps rate cuts by the end of 2024 Focus turns to jobs data for Q4 on Tuesday at 21:45 Despite hawkish RBNZ, data drive investors to price in rate cuts At its November gathering, the RBNZ held its official cash rate (OCR) steady […]
03/04/2024

GBPUSD Wave Analysis

Sterling reversed from pivotal support level 1.2550 Likely to rise to resistance level 1.2700 Sterling recently reversed up from the pivotal support level 1.2550, which has been reversing the pair from the start of December, as can be seen below. The support level 1.2550 was strengthened by the lower daily Bollinger Band and by the […]
11/04/2024

Is There a Possibility of No Fed Rate Cuts This Year?

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