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In focus today In the afternoon, US ISM Services index is due for release. While the index has been volatile over the past years, flash PMIs released earlier signalled still solid growth in services sector activity in September. In Switzerland, we get inflation data for September. Consensus expects a drop to 1.0% in headline inflation […]

The post US ISM and Swiss Inflation on Today’s Menu appeared first on Action Forex.

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20/09/2024

S&P 500 Wave Analysis

S&P 500 broke key resistance level 5670.00 Likely to rise to resistance level 5800.00 S&P 500 index today broke above the key resistance level 5670.00 (which stopped the previous impulse waves (5) and (1), as can be seen below). The breakout of the resistance level 5670.00 continues the active intermediate impulse wave (3) from the […]
29/03/2024

Gold’s Price Reaches New Heights Amid Global Market Uncertainty

On Friday, the price of gold reached an unprecedented peak, soaring above 2,230 USD. The global capital market experienced low activity due to the observance of Good Friday in many Catholic countries, leading to abrupt movements by investors. The surge in gold prices is primarily attributed to anticipations that global financial regulators will lower lending […]
07/02/2024

Sunset Market Commentary

Markets In the absence of key eco data, both in the US and Europe, central bankers’ talk today was again earmarked as the main guide for bond markets. ECB board member Isabel Schnabel in the FT gave an in extenso assessment on the importance of the ECB walking the last mile to defeat inflation. She […]