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US 500 rebounds from uptrend line RSI approaches 70 level; MACD tries to surpass its trigger line The US 500 cash index is creating the sixth consecutive green day, following the bounce off the short-term uptrend line and the 5,855 support level. The price is currently approaching the previous all-time peak of 6,052 and the […]

The post US 500 Index Bulls Hold Control Above 6,000 appeared first on Action Forex.

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03/05/2024

Bank of England Preview – Setting the Stage for a June Cut

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 9 May, which is in line with consensus and current market pricing. Overall, we expect the MPC to soften its communication, priming the markets for imminent start to a cutting cycle. We expect the first 25bp cut in June. […]
19/07/2024

ECB Not Confident that September Will Bring the Second Rate Ccut

TSM announced better-than-expected quarterly results and lifted its growth projections for this year’s revenue. Good news helped limiting the previous day selloff in chip stocks yesterday but couldn’t prevent the S&P500 and Nasdaq 100 from closing Thursday’s session with losses. The S&P500 fell 0.78% and Nasdaq 100 lost almost 0.50%. Nvidia rebounded more than 2.50% […]
08/02/2024

Nasdaq-100 Wave Analysis

Nasdaq-100 rising inside impulse wave 5 Likely to rise to resistance level 18000.00 Nasdaq-100 index rising steadily after the price reversed up from the support level 17565.00, former resistance which stopped wave 3 in January. The upward reversal from the support level 17565.00 continues the active impulse wave 5 of the intermediate impulse sequence (3) […]