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Markets The US tech-heavy Nasdaq led the correction lower on Wall Street, ceding 2% after coming inches of a new record high on Monday. Losses for the Dow Jones (-0.5%) and S&P 500 (1.15%) were more contained, with the focus on lofty AI valuations. The Eurostoxx 50 lost up to 1.8% intraday, but managed to […]

The post Tech-Heavy Nasdaq Led Correction Lower appeared first on Action Forex.

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03/12/2024

Sunset Market Commentary

Markets A typical in-between trading day ahead of major eco releases and central bank speeches got shaken up by news coming from South Korea. SK president Yoon declared an emergency martial law during a televised address. Yoon of the conservative People Power Party accuses the opposition – which is in control of the 300-member parliament […]
11/01/2025

Sunset Market Commentary

Markets The week ended with a bang. December US payrolls beat consensus by a wide margin (256k vs 165k) while October and November data barely faced a revision (-8k combined). Big contributors were health care (+46k), leisure & hospitality (+43k) and government (+33k). Today’s numbers strongly add to the feeling that the Fed’s momentum to […]
20/05/2025

GBP/USD Exits Bearish Channel

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