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Formally, inflation figures and lower-than-forecast expectations helped the market to find ground for a rebound. However, the declines of the previous days may have broken the backbone of the bull market. A couple of technical signals indicate this. Primarily, there is a series of 11 sessions of declines in the Dow Jones. This is one […]

The post US Indices: Has the Bullish Trend Broken? appeared first on Action Forex.

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08/04/2024

Gold Unlocks Fresh All-time High Again

Gold reaches 2,353.90 above 161.8% Fibonacci extension MACD and RSI move higher in overbought regions Gold prices are experiencing a fresh higher high today around the 2,353.90 level, successfully surpassing the 161.8% Fibonacci extension level of the downward move from 2,079 to 1,810 at 2,245. The bullish rally started after the rebound off the 1,984 […]
24/06/2024

Nvidia Selloff Raises Worries

The week kicks off on a weak note following a moody trading session across Europe and the US on Friday. One of the most significant moves of last two trading days of the US was a 10% selloff in Nvidia sales for … no reason other than the fact that it was the end of […]
18/10/2024

Tensions Rise After Killing of Yahya Sinwar

In focus today Swedish September LFS is expected to show a small increase in the unemployment rate to 8.4 % SA. That said, we will rather keep an eye on employment and hours worked which should recover after the summer lull. Economic and market news What happened overnight In China, Q3 GDP grew 4.6% y/y […]