Logo-color Logo-white

Yesterday was could’ve been worse. A more than 6% drop in Nvidia somehow limited the S&P500 gains, but many stocks in the S&P500 gained yesterday after the latest GDP update came in better than expected and pointed that the US economy has grown 3% in the Q2 versus 2.8% printed earlier. The consumer spending almost […]

The post Sentiment Remains Strong Despite Nvidia appeared first on Action Forex.

previous

USD/JPY Retains Support: Can It Stage a Recovery?

next

USDCAD Rises From Almost 6-Month Low

Read More

11/10/2024

USDCAD Extends Its Bullish Rally to New 2-month High

USDCAD completes 8 green days MACD and RSI indicate strong positive momentum USDCAD skyrocketed to another fresh two-month high of 1.3774 during yesterday’s session, adding more than 2.5% following the rebound from the double bottom pattern around 1.3420. The aggressive buying activity above the 1.3650 barrier, which served as a neckline, completed the latest formation. […]
16/09/2024

Elliott Wave Forecast: EUR/USD Ready to Resume Higher

EUR/USD recovered after the ECB rate decision last week, when ECB cut rates as expected. But pair still rebounded as there were no surprises with cuts, so the focus shifted away from the ECB towards the FED now. Looking at the price structure, we see nice recovery on EURUSD pair, from the lower trendline support […]
05/09/2024

Crude Oil Prices Plunge: Can $68 Hold Withstand Pressure?

Key Highlights Crude oil prices gained bearish momentum and declined below $72.00. A major bearish trend line is forming with resistance at $76.00 on the 4-hour chart. Gold could correct lower if it stays below $2,500 for a long time. The US ADP employment could change by 145K in August 2024. Crude Oil Price Technical […]