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The two-day global stock surge came to a halt this morning following further escalations in the US-China trade war. The Trump administration slapped fresh curbs on Nvidia chip exports to China which saw NVIDIA shares tumble post market. The doom and gloom from the NVIDIA announcement has weighed on global stocks and indexes. Chinese technology […]

The post Europe’s Opening Bell: China Q1 GDP Beat, Gold Nears $3300/oz as Global Stock Surge Grinds to a Halt appeared first on Action Forex.

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30/04/2024

GBPUSD Wave Analysis

GBPUSD rising inside minor correction 2 Likely to rise to resistance level 1.2700 GBPUSD currency pair continues to rise inside the minor correction 2, which started earlier, when the pair reverse dup with the daily Morning Star form the key support level 1.2335. The active wave 2 belongs to the intermediate downward impulse wave (C) […]
06/03/2025

EURUSD Wave Analysis

EURUSD broke the resistance zone Likely to rise to resistance level 1.0900 EURUSD currency pair recently broke the resistance zone between the resistance level 1.0625 (former monthly high from December), 61.8% Fibonacci correction of the downward impulse from November and the resistance trendline of the daily up channel from January. The breakup of this resistance […]
28/02/2024

USD Takes Lead During Mild Risk-off

Markets A batch of US data turned out mixed yesterday. Strong core capital good shipments (investment proxy) compensated for negatively distorted durable goods orders (Boeing). House prices rose in line with forecasts but consumer confidence unexpectedly retreated on a deteriorating current and six month ahead assessment on the economy and jobs. Second tier business sentiment […]