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Key Developments Nvidia warned of a $5.5B charge due to U.S. export restrictions on its H20 GPUs to China. The U.S. now requires special licenses to export advanced chips. This triggered a global tech sell-off: Nvidia -5%, AMD -6%, Micron -3.5%, ASML -4.3% Broader tech names like Meta, Alphabet, Microsoft, and Tesla also declined. U.S.-China […]

The post US100: Bearish Continuation Scenario appeared first on Action Forex.

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Gold’s Record-Breaking Run—Trade Tensions Light the Fire

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03/04/2024

Gold Hits Record High; Silver Peaks on Fed Rate Cut Speculation

Gold prices have soared to an all-time high of 2288.00 USD per troy ounce, while silver reached its highest in two years, driven by speculation surrounding the US Federal Reserve’s monetary policy. This surge followed comments from two Fed officials, Mary Daly of the FRB San Francisco and Loretta J. Mester of Cleveland. Both anticipate […]
18/09/2024

USDJPY Poised for a New Bullish Wave; Will It Succeed?

USDJPY sets the ground for a bullish reversal, but it’s still trapped below key resistance Technical signals cannot rule out more bearish actions; sellers wait below 140 Fed to deliver its first rate cut in four years at 18:00 GMT USDJPY turned green on Tuesday, marking its best daily session in a month after securing […]
25/11/2024

EUR/USD Amid Slowing European Economy

EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent business surveys indicating an accelerated economic contraction in Germany and France have starkly dampened the euro’s outlook. Additionally, under the […]