Logo-color Logo-white

The recent sell-off in major US stock indices has been largely driven by broader macroeconomic factors. Value stocks may not be able to provide a hedge against undiversifiable risks. A further bear steepening of the US Treasury yield (10-year minus 2-year) with rising stagflation risk may trigger a negative feedback loop into the DJIA. Watch […]

The post Dow Jones (DJIA) Technical Outlook: Value Stocks Do Not Provide a Safe Haven Refuge appeared first on Action Forex.

previous

Questions Around Fed Independence and Tariffs Weigh on Sentiment, Eurozone Consumer Confidence Ahead

next

Crypto Market Escapes from Fear

Read More

05/03/2024

Gold: Not Yet Overheated

Gold is primed for a substantial move, second only to cryptocurrencies in amplitude but lacking their enduring strength. At the end of last week, we saw a swift technical completion of a bullish pattern. Sometimes, gold avoids volatility for weeks, but at certain moments, strong multi-day trends are born, and the movement becomes almost one-sided, […]
03/12/2024

EURCHF Bulls Troubled by a Key Trendline

EURCHF trades in a rather tight range The medium-term bearish trend remains valid Momentum indicators support the bearish trend EURCHF is trading sideways today, testing once again the resistance set by the May 27, 2024 downward slopping trendline. EURCHF quickly rebounded from the November 22 low of 0.9204, but the bulls have failed to record […]
02/05/2024

Elliott Wave Analysis: 7 Swing Correction in Gold (XAUUSD)

Short Term Elliott Wave View on Gold (XAUUSD) suggests that rally from 11.13.2023 low is unfolding as a 5 waves impulse. Up from 11.13.2023 low, wave 1 ended at 2146.79 and dips in wave 2 ended at 1973.13. The metal extended higher in wave 3 towards 2431.78. Pullback in wave 4 is unfolding in a […]