The US 500 stock index (cash) has experienced a massive drop in the previous session, extending the retreat from its recent resistance point. Even if the decline has come to a halt at the congested territory that includes the 50-day simple moving average (SMA) and the lower Bollinger band, the index retains its bearish near-term […]
The post US 500 Plummets But 50-Day SMA Caps Further Decline appeared first on Action Forex.
Switzerland’s economy maintained steady growth in Q4, with GDP expanding 0.5% qoq when adjusted for sporting events. Without the adjustment, GDP rose 0.2% qoq, in-line with expectations. Private consumption increased by 0.5%, supported by higher Read more…
USD/JPY is consolidating near 149.33 on Thursday, with the yen pausing its rally while holding near four-month highs against the USD. This stabilisation follows renewed support for the US dollar amid concerns that US President Read more…
As shown on the XAU/USD chart, the price of gold per ounce has already fallen by more than 1% today. This bearish sentiment may be driven by: → A strengthening US dollar, influenced by President Read more…