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US 100 index is in red today, testing the support set by a key trendline It remains a tad below its all-time high as the market looks for new bullish catalysts Stochastic oscillator is trying to send a bearish message The US 100 cash index is lower today, testing the support set by the October 26, […]

The post Is the US 100 Cash Index Close to a Correction? appeared first on Action Forex.

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29/11/2023

Sunset Market Commentary

Markets With few important data on the agenda, trading on US and EMU (bond) markets was mainly order driven and technical in nature. At the start of the session, Bunds tried to extend their recent rally, but the move soon stalled. ECB’s Nagel airing that its too early to speculate about rate cuts hardly can […]
18/06/2024

RBA More Alert and Less Certain in its Inflation Fight

The RBA left the cash rate on hold at 4.35%, but their rhetoric suggests the Board is more alert to upside inflation risks. Indeed, the RBA Board appears less certain that inflation is moderating as they’d like and there’s lingering concerns about persistent price pressures. The Reserve Bank left the cash rate unchanged at 4.35% […]
10/07/2024

Inflation No Longer the Only Risk

Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday wasn’t overly optimistic but it revived the expectation that a rate cut could come sooner rather than later. In the first day of his semiannual testimony before Senators, Powell said – for the first time in three years – that inflation is no longer the only threat […]