The AUD/USD pair dropped significantly to 0.6764 at the start of the week, primarily driven by a strengthening US dollar rather than an inherent weakness in the Australian dollar itself. This shift in the currency pair’s dynamics is primarily attributed to the latest Core PCE inflation data released last Friday, which moderated market expectations regarding […]
The price actions of Nasdaq 100 have reached the lower limit of a major resistance zone of 18,435/620. Heightened over-concentration risk from Nvidia as its current year-to-date returns of 87% contributed to 55% of Nasdaq 100’s year-to-date return of 10.50% as of 27 March. Nasdaq 100’s market breadth indicators have started to deteriorate which increases […]
The post Nasdaq 100: Deteriorating Market Breadth Does Not Bode Well for the Bulls appeared first on Action Forex.
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