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Nasdaq 100 has remained sluggish and underperformed the Dow Jones Industrial Average since last Friday, 16 February. The recent underperformance of the Nasdaq 100 has been triggered by the concentration risk of its significant YTD return contributor, Nvidia. The options market has priced in around an 11% move in either direction on the share price […]

The post Nasdaq 100 Technical: Torpedoed by Nvidia, At Risk of Uundergoing Multi-Week Corrective Decline appeared first on Action Forex.

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05/12/2023

Australian Dollar Slides as RBA Holds Rates

RBA maintains cash rate at 4.35% Australian dollar extends slide The Australian dollar is down sharply for a second straight day. In the European session, AUD/USD is trading at 0.6561, down 0.88%. The Australian dollar has taken a tumble this week, falling 1.70%. RBA holds rates as expected The Reserve Bank of Australia maintained the […]
08/11/2024

FOMC Focused on Health of Labour Market and Success with Inflation

Unsurprisingly, the FOMC made clear it was too early to assess the economic implications of this week’s US election. Activity and prices meanwhile justify a gradual withdrawal of policy tightness. The US FOMC delivered a 25bp cut at its November meeting as expected, taking the mid-point of the fed funds range to 4.625%. Overall, the […]
05/08/2024

EURJPY Wave Analysis

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