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Market mood got hammered yesterday — for all the reasons we’ve been citing over and over: overstretched tech valuations, an increasingly narrow rally, and the circularity concerns around Big Tech that are reviving dot-com bubble comparisons. Add to that the fading dovish hopes for a December rate cut from the Federal Reserve (Fed), signs of […]

The post Overheated, Overhyped – But Probably Not Over appeared first on Action Forex.

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10/05/2024

Gold Price Regains Strength While Crude Oil Price Recovers

Gold price started a fresh increase above $2,320. Crude oil is recovering and might rise toward the $81.20 resistance zone. Important Takeaways for Gold and Oil Price Analysis Today Gold price started a decent increase from the $2,300 zone against the US Dollar. It broke a key descending channel with resistance at $2,315 on the […]
29/03/2025

The Weekly Bottom Line: Waiting for April 2nd

Canadian Highlights The announcement of U.S. tariffs on the auto sector this week could be a major downside risk for the Canadian economy. Attention now turns to the April 2nd “reciprocal tariff” announcement and Canada’s response. Not surprisingly, a major survey of businesses showed that business confidence took a tumble in March. Before trade tensions […]
12/07/2024

GBPJPY Hits 20-Day SMA After Multi-Year High

GBPJPY may start bearish correction Stochastics move down; RSI ticks up GBPJPY suffered significant losses following an aggressive rally to the multi-year high of 208.10. The pair found immediate support at the 20-day simple moving average (SMA) of 203.80, keeping the bias bullish for now. Technically, the stochastic oscillator is diving from the overbought region; however, the RSI is […]