Logo-color Logo-white

As the 4-hour chart of the Nasdaq 100 (US Tech 100 mini on FXOpen) shows, the index reached a new all-time high last week. However, the price action suggests that the current pace of growth may not last. Last week’s strong labour market data triggered a significant bullish impulse. However, the upward momentum has been […]

The post Nasdaq 100: Bearish Signals Near All-Time High appeared first on Action Forex.

previous

Week Ahead – Markets Eye Nonfarm Payrolls as Trump’s Pressure on Fed Mounts

next

EURCAD Wave Analysis

Read More

16/01/2025

USD/JPY: Yen Strength Elements Emerged Ahead of BoJ Meeting Next Week

Hawkish speeches from BoJ officials coupled with a softer US core CPI print for December put an interim ceiling on US dollar strength against the yen. The leading 10-year yield spread of the US Treasury note against the JGB has staged a bearish breakdown condition. Medium-term uptrend of USD/JPY from 16 September 2024 low is […]
07/03/2024

Bank of Canada Maintains Interest Rate, No New Guidance on Cuts

The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with Quantitative Tightening (QT). The Bank highlighted the slowing in economic momentum, stating that growth “remained weak and below potential”, while emphasizing that “final domestic demand contracted with a large decline in business investment”. It also stated that “employment […]
22/07/2024

Australian Dollar Falls to 3-Week Low

The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day at the time of writing. The Aussie climbed 1.9% in the first two weeks of July but has reversed directions and […]