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S&P 500 and Nasdaq 100 futures rose after the U.S. and China announced a meeting in Switzerland this week. Treasury Secretary Bessent said the talks would aim to ease tensions, not make a deal, and noted that current tariff levels can’t continue. The US open has seen more caution however, with the S&P 500 trading […]

The post S&P 500 Analysis, Fed Meeting & Economic Outlook appeared first on Action Forex.

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29/10/2024

Bitcoin’s Bullish Breakout

Market Picture The crypto market cap rose by 4.7% to $2.4 trillion in the last 24 hours, supported by a surge in top coins. These are the market’s highest levels since late July. Back then, the market stalled around these levels and soon turned lower. This time, the trend is more bullish, as the market […]
12/09/2024

September Flashlight for the FOMC Blackout Period

Summary Data released since the last FOMC meeting on July 31 make a compelling case for the Committee to begin easing the stance of monetary policy at its upcoming meeting on September 18. Inflation remains a bit above the Fed’s target of 2%, but momentum in consumer prices clearly is slowing. Meanwhile, the labor market, […]
19/02/2025

Elliott Wave View: S&P 500 (SPX) Breaking to New All-Time High

Short term Elliott Wave in S&P 500 (SPX) suggests that pullback to 5774.1 ended wave ((4)). The Index has resumed higher in wave ((5)) and broken above previous wave ((3)) peak. Wave ((5)) is in progress as a 5 waves impulse Elliott Wave structure. Up from wave ((4)), wave ((i)) ended at 5871.9 and pullback […]