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Tech stocks fell globally after the Trump administration imposed new restrictions on Nvidia’s chip exports to China, worsening trade tensions. Nasdaq 100 futures dropped 1.5%, and Nvidia shares fell about 6% in premarket trading. ASML shares plunged over 7% after reporting fewer-than-expected orders, blaming weakness in the chip industry. European markets also felt the pressure, […]

The post US Opening Bell: Tech Stocks Falter but Dow Jones Turns Green as US Session Begins, BoC Meeting Ahead appeared first on Action Forex.

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13/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, with price trading within a bullish ascending channel. In this scenario, price could potentially continue its bullish momentum towards the 1st resistance level. The 1st support at 103.28 is considered a swing low support, indicating that it has previously acted as a […]
22/03/2025

The Weekly Bottom Line: Uncertainty Clouding the Outlook

Canadian Highlights Canadian economic data are giving a glimpse of what could be in store for the rest of 2025, with weak consumer activity and higher inflation at the forefront. Housing sales dropped by the largest amount since the Bank of Canada (BoC) started its aggressive rate hiking cycle in 2022. Retail sales also plunged […]
06/12/2023

Dow Jones is Close to a Peak

The Dow Jones index has switched into consolidation mode, joining the S&P500 and Nasdaq100, which did so almost two and three weeks ago, respectively. This could be consolidation before a spurt to new highs, but it’s more likely that we’re seeing a depletion of growth. The Dow Jones index is trading just 0.8% away from […]