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Investors are holding record levels of cash ($7.3 trillion), indicating significant caution and potential for further market downside.  Concerns about the Trump administration’s tariffs and policy uncertainty, including the threat of universal tariffs, are weighing on market sentiment. S&P 500 recorded its biggest one-day drop since December. Wall Street Indexes have recovered overnight but investors […]

The post Dow Jones (DJIA), S&P 500 Under Pressure as Record Cash Levels Suggest More Downside Ahead appeared first on Action Forex.

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24/02/2024

Forward Guidance: Q4 GDP Likely Edged Higher But Not Enough to Prevent Sixth Per-Capita Decline

Canadian Q4 and December GDP growth numbers will be in focus for the Bank of Canada after a busy week where inflation numbers for January broadly surprised to the downside. We expect Q4 GDP growth to remain in positive territory with a small annualized increase of 0.5%. That will prevent the economy from seeing two […]
17/05/2024

USD/JPY: Facing Uphill Battle Amid Market Challenges

Key Highlights USD/JPY tested the 153.50 support and recovered losses. A key bearish trend line is forming with resistance at 156.00 on the 4-hour chart. EUR/USD gained pace for a move above the 1.0800 resistance. Bitcoin climbed higher and tested the $66,500 resistance zone. USD/JPY Technical Analysis The US Dollar started a sharp decline from […]
26/03/2024

Ethereum ETHUSD Buying The Dips After Elliott Wave Double Three

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Ethereum ETHUSD published in members area of the website. As our members know ETHUSD has recently made pull back that has unfolded as Elliott Wave Double Three Pattern. It made clear 7 swings from the […]