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S&P500 edged lower on Thursday after rallying 10.2% previous day (the biggest daily gains in over a decade). Unexpected decision of President Trump to put heavy tariffs on a number of countries on hold for 90 days, revived optimism and lifted stock markets. Although fresh rally retraced the largest part of heavy losses sparked by […]

The post S&P Rose Sharply on Tariff Policy U-turn But More Work at the Upside Still Needed to Neutralize Downside Risk appeared first on Action Forex.

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27/08/2024

WTI Crude Oil Wave Analysis

WTI crude oil reversed from a strong support level 72.40 Likely to rise to resistance level 78.00 WTI crude oil recently reversed up from the strong support level 72.40 (which has been reversing the price from the start of June) coinciding with the lower daily Bollinger Band. The upward reversal from the support level 72.40 […]
09/09/2024

Crypto: Hope for a Bottom

Market Picture The crypto market is trying to stabilise around the $1.94 trillion mark for the third day (+0.8% in 24 hours and -4% in 7 days) after Friday’s sharp sell-off. It will soon be apparent whether support at the $2 trillion level has turned into resistance. Bitcoin is trading just below $55K on Monday […]
17/12/2024

The Magic Combo

Europe appears to be coming apart one nation at a time’, writes Bloomberg to summarize the complicated politics of the old continent. After the French snap election led to a divided government and an ungovernable France since summer, German politicians gave a no-confidence verdict for the three-way ruling party of Germany, paving the way for […]