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Markets US stock markets performed well this year despite the hawkish repositioning on bond markets. The Dow Jones, S&P 500 and Nasdaq are off their YTD/all-time highs, but record YTD gains of respectively 2.32%, 4.31% and 4.13%. One of the reasons is that stocks have been backed by a strong Q4 earnings season. Unfortunately, this […]

The post Minutes of January Fed Meeting the Only Item Worth Mentioning Today appeared first on Action Forex.

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08/02/2024

XAU/USD: Gold Remains in Prolonged Consolidation Before Larger Bulls Resume

Short-term action remains in a sideways mode after the metal’s price spiked to new record high ($2141) in early December, holding within $1973/$2088 range, but mainly above psychological $2000 level, which adds to positive bias. Gold is consolidating after Oct-Dec 2023 18% advance, a part of larger uptrend from $1616 (Nov 2022 higher low) with […]
22/05/2024

Bitcoin Waits for Ethereum Story to Develop

Market picture The crypto market cap has stabilised at $2.6 trillion after an impressive surge following the Ethereum rally. Among the top coins over 24 hours, Toncoin is leading the decline, falling 5%, while Dogecoin is leading the way with a 3.4% increase. Bitcoin is losing 1.9% in 24 hours to just below $70K, having […]
04/03/2024

Euro Area Inflation Fell Less Than Expected

In focus today We get the euro zone Sentix Investor Confidence index this morning at 08.30 CET. In China the annual key policy event the ‘Two Sessions’ kicks off today. Focus is on the government’s work report at the National People’s Congress (NPC). The report will among other things include China’s 2024 growth target, which […]