Logo-color Logo-white

Goods-based inflationary pressures in the US may resurface in H2 2024 due to leading bullish momentum built-up in commodities. Persistent low correlation readings among S&P 500 constituents may trigger a spike in the VIX. The leading Nasdaq 100 has displayed bearish reversal elements. The US stock market continued to hit another milestone last week when […]

The post US Stock Market Bulls Facing a Reality Check (3 Ominous Signs to Watch) appeared first on Action Forex.

previous

US: Progress on the Inflation Front Grinds to a Halt in January 

next

Japanese GDP Unexpectedly Contracted in Q4

Read More

16/04/2024

WS Risk-Off Spilled Over to Asia

Markets Markets yesterday initially reacted stoic to Saturday’s attack of Iran and against Israel. European and US equity markets even opened in green. Brent oil briefly dropped below the $90 p/b mark. Investors apparently expected any Israeli reaction to be guarded as the international community advocated de-escalation. Yields also resumed the uptrend that was interrupted […]
05/01/2024

US: Job Growth Picks Up to End 2023, But Unemployment Rate Unchanged  

Non-farm payroll employment jumped by 216k in December, comfortably ahead of expectations calling for a gain of 175k. However, that strength is tempered by downward revisions to October and November of 45k and 26k, respectively. Hiring over the last three-months averaged 165k jobs per-month, down from the 180k averaged between September-November and below the 225k […]
04/12/2023

Sunset Market Commentary

Markets Gold grabbed most headlines today. The price of bullion spiked to an all-time high in illiquid Asian dealings of $2130/ounce. The spike didn’t last with gold prices falling back towards Friday’s closing levels near $2060/ounce. The move smells like an exhaustion move after the October/November core bond rally pushed gold prices up by around […]