The Dow Jones 30 rallies as weaker US business activity in October rekindles hopes of a dovish Fed. From the daily chart’s perspective, a pop above the support-turned-resistance at 31000 is a sign of strong buying interest in the short-term. A series of higher lows may encourage the bulls to extend upwards, further squeezing the […]
The post Dow Jones 30 Gains Momentum appeared first on Action Forex.
The US Dollar recovered a good part of its losses in the early week, forming a key double-bottom – More upside to come? With Oil bouncing back above $105, its correlation with the FX Market Read more…
Jim Cramer has a habit of cutting through the noise and pointing at something most investors are overlooking. On May 4, he did it again. In a X post, the “Mad Money” host wrote: “Oracle Read more…
Canada’s trade balance moved into a $1.8 billion surplus in March, from a $5.1 billion deficit the prior month. Exports in March surged by 8.5% month-on-month (m/m) following February’s sturdy gain. Rapidly rising energy prices Read more…