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Another week of trading starts on a positive footing, buoyed by a range of news items pleasing investors. The first came from the long-awaited US inflation data released on Friday after weeks of official data drought during the government shutdown. Headline inflation advanced to 3% in September – the highest since early 2021 and still […]

The post Trade Headlines, Fed Expectations Support Risk Taking appeared first on Action Forex.

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08/04/2025

Bitcoin Struggles to Regain Traction after Being Hit by Risk Aversion and Fell to the Lowest in Five Months

Bitcoin bounced from new five-month low on Monday after broader risk aversion on fears from tariff impact, also deflated cryptos. Fresh strength cracked psychological 80K resistance, but firm break higher is required to offset negative signal from last week’s close below this level. Otherwise, near-term focus will remain shifted to the downside as technical studies […]
31/05/2024

Euro Suffers When ECB Announces the First Rate Cut of the Cycle

ECB prepares to cut rates for the first time ahead of the Fed History points to strong possibility of back-to-back rate cuts Both the euro and German DAX tend to underperform on meeting day The ECB is on the brink of announcing its first rate cut since March 2016 as the overall rhetoric from ECB […]
29/07/2024

US 500 Index Bounces Off Long-Term Uptrend Line

US 500 bearish correction in short-term is not enough for retracement Momentum oscillators turn up The US 500 (cash) index rebounded significantly off the long-term ascending trend line and surpassed beyond the 50-day simple moving average (SMA). The bearish correctio in the short-term view may came to an end as the technical oscillators are also […]