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The week kicked off well on both sides of the Atlantic as investors collectively shrugged off fears over the escalating US-China trade war, deteriorating credit conditions, a US government shutdown, the French credit downgrade, a major outage at Amazon Web Services (the world’s largest cloud provider) that froze many online services globally, renewed fighting in […]

The post Global Indices Rally — Gold Gains, But So Does Volatility appeared first on Action Forex.

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09/09/2024

S&P 500, Nasdaq 100 – ‘Soft Landing’ Optimism Leads to Early Week Gains

Major Wall Street indices started the week with gains, fueled by optimism for a “soft landing”. Concerns remain about the divergence between full and part-time workers, a potential recession indicator. Technical analysis suggests potential for further upside in the S&P 500 and Nasdaq 100, but historical trends and upcoming events warrant caution. The major Wall […]
13/11/2024

USD/CAD Outlook: 1.4000 Remains Elusive as US CPI Fails to Inspire Breakout

USD/CAD surges as oil prices decline and US Dollar rises. Market anticipates less rate cuts in 2025 due to Trump’s return, impacting interest rate differentials. Potential US tariffs add headwinds for the Canadian Dollar. USD/CAD has been on a tear since the back end of September, rising some 550 pips over the past 6 weeks. […]
21/05/2025

Pound Steady as UK Inflation Surges

Pound hits highest level since Feb. 2022 The British pound posted gains earlier but has failed to consolidate. In the European session, GBP/USD is trading at 1.3395, up 0.03% on the day. The pound has gained 1.1% this week and earlier today rose as high as 1.3468, its highest level since Feb. 2022. UK inflation […]