Logo-color Logo-white

S&P 500 index: ⬆️ Buy S&P 500 index broke resistance area Likely to rise to resistance level 5930.00 S&P 500 index recently broke the resistance area between the resistance levels 5800.00 (top of wave 4 from March), 5700.00 (which stopped wave 1 at the start of May) and the 61.8% Fibonacci correction of the downward […]

The post S&P 500 index Wave Analysis appeared first on Action Forex.

previous

USDCHF Wave Analysis

next

Bitcoin Pullback Ahead? Why Short-Term Dip Could Fuel The Next Rally

Read More

19/08/2024

Markets Await Powell’s Jackson Hole Speech Later This Week

In focus today This week starts rather quietly on the data release front. The only event in our calendar is Fed’s Waller (voting member) speaking this afternoon. The Democratic National Convention kicks off today, and Kamala Harris is expected to be elected as the democratic presidential candidate later in the week. Early Tuesday, China will […]
15/07/2024

Dollar Losing Interest Rate Support at Stealth Pace

Markets The US dollar is losing interest rate support at stealth pace. Since the awful June service ISM (July 3), the US 2-yr yield fell from 4.75% to 4.45% currently. The US 10-yr yield slid from 4.45% to 4.2%, testing the downside of the downward trend channel. Decent payrolls failed to save the day while […]
26/08/2024

EUR/USD Outlook: Looks for Test of 2023 High After Limited Correction

EURUSD cracked 1.1200 barrier after Friday’s 0.75% rally (the biggest daily gain since Aug 2) and hit new 2024 high early Monday. Bulls remain firmly in play after strong advance in past two weeks and on track for the biggest monthly gain since November 2022, as weakening dollar on strong Fed rate cut signals, continues […]