Logo-color Logo-white

Risk-on sentiment continued to grow last week, with global stock markets hitting new record highs. The main event was the U.S. Federal Reserve cutting its key interest rate by 0.25%, bringing it to the lowest level in three years. However, Fed Chair Jerome Powell surprised investors by saying that more rate cuts are not guaranteed, […]

The post Global Stocks Hit New Highs Can the Rally Continue? appeared first on Action Forex.

previous

EUR/USD Remains Vulnerable — Further Selling Likely If Dollar Rally Continues

next

OPEC Says Enough

Read More

31/05/2024

Bank of Canada Set to Make the First Interest Rate Cut Next Week

All ducks appear to be in a row for the Bank of Canada to kick-start the policy easing cycle and lower the overnight rate by 25 basis points to 4.75% on Wednesday. The move follows cuts from the Swiss National Bank and the Riksbank (central bank of Sweden) in recent weeks and comes after the […]
25/11/2024

GBPUSD Wave Analysis

GBPUSD broke support zone Likely to fall to support level 1.2465 GBPUSD currency pair recently broke the support zone located between the support level 1.2620 (former monthly low from June) and the support trendline of the daily down channel from September. The breakout of this support zone accelerated the active minor impulse wave 3 of […]
29/11/2024

Weekly Focus – Political Risks Rise Again in France

Geopolitics and political events dominated the agenda this week. On Monday evening, president-elect Donald Trump announced 25% tariffs on imported goods from Canada and Mexico, and an additional 10% tariff on China. This would bring the total China tariff to 35%. Mexico has already threatened to retaliate while Canadian Prime Minister Justin Trudeau said he was […]