Logo-color Logo-white

US equity markets have been hit by a sell-off, with the Nasdaq100 down more than 3% and the S&P500 down more than 2%, the biggest drop in almost a month. Nvidia’s share price fell more than 10% as the antitrust investigation intensified. The VIX index spiked 45% to 22.6, as it did in early August. […]

The post US Equities Dip Again: When to Buy? appeared first on Action Forex.

previous

Can Gold Prices Surge to New All-Time Highs by Year End?

next

Sunset Market Commentary

Read More

28/12/2023

USD/JPY Price Analysis: Declines to five-month low, trades near 140.80

USD/JPY moves below the 141.00 psychological level on the back of the subdued US Dollar. A firm break above the 142.00 level could lead the pair to reach a nine-day EMA at 142.41. Technical indicators suggest a bearish sentiment to test the major support at 140.50. USD/JPY extends its losses as the US Dollar (USD) […]
10/07/2024

New Zealand Dollar Takes a Tumble After RBNZ’s Dovish Tone

The New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6081 in the European session, down 0.72% on the day at the time of writing. RBNZ’s dovish tone raises rate cut expectations The Reserve Bank of New Zealand held the cash rate at 5.50% at today’s meeting, the eight consecutive time it […]
19/03/2024

GBPUSD Retreats Towards 50-day SMA

GBPUSD generates fresh 2024 peak But declines sharply towards the 50-day SMA Momentum indicators weaken significantly GBPUSD has been stuck in a rangebound pattern since mid-November, unable to adopt a clear directional impetus. Although the pair exploded higher and posted a fresh seven-month high after conquering the 50-day simple moving average (SMA), it quickly reversed back within […]