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Nvidia announced another very strong quarter after the bell. The company surpassed its own revenue forecast by around $2bn (again!) and printed a sales number of $35.1bn. That’s around $5bn more than last quarter’s number and almost the double of the amount earned during the same period a year ago. The company printed a total […]

The post The Beginning of the Worries appeared first on Action Forex.

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10/02/2024

Week Ahead North America – US Inflation Data Eyed, Canada Quiet

US inflation and retail sales among the highlights Tier three Canada data only after employment update Could a March rate cut still be on the table? US economic data since the turn of the year has been far from ideal considering traders had priced in up to 175 basis points of rate cuts at one […]
01/11/2024

Crypto Takes a Step Back, Ready for Volatility

Market Picture The crypto market stumbled on the last day of October, losing over 5.5% in 24 hours as investors turned to profit-taking. The drop coincided with the stock market entering a period of high uncertainty ahead of a mix of influential events: the NFP on Friday, the US election results on Wednesday and the […]
04/04/2024

EUR/USD Extends Gains as Euro Services PMIs Improve

The euro is on a bit of a roll and has pushed slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0857, up 0.19%. The euro is up for a third straight day and has climbed 0.8% since Monday. Eurozone and German services PMIs accelerate Business activity improved across the eurozone in […]