Last week was marked by an improved sentiment in the US, but not so much in Europe. The US equities had a strong week: the S&P 500 rallied 1.68% over the week, Nasdaq 100 gained 1.87% – and that despite Nvidia that finally closed the week flat as the earnings disappointment kicked in with a […]
U.S. Highlights Minutes from the December FOMC meeting confirmed that monetary policy was “likely at or near its peak” for this tightening cycle, but showed no meaningful discussion on rate cuts. The U.S. economy added a better-than-expected 216k jobs in December, but downward revisions to the prior two months kept a cooling trend intact. The […]
The post The Weekly Bottom Line: Rate Cut Expectations Ease Slightly at the Start of 2024 appeared first on Action Forex.
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Sell USDCHF broke the support zone Likely to fall to support level 0.8750 USDCHF currency pair recently broke the support zone between the support level 0.8900 (which has been reversing the price from December), the support trendline of the daily down channel from January and the 61.8% Fibonacci correction of the upward impulse […]