As the chart of the S&P 500 (US SPX 500 mini on FXOpen) shows, price movements in June continue to form an upward trend (highlighted in blue). The bullish momentum is being supported by: → News of a potential trade agreement between the United States and China; → The latest inflation report. Data released yesterday […]
The post S&P 500 Maintains Uptrend — But for How Long? appeared first on Action Forex.
According to media reports, Israel launched a large-scale overnight strike on Iranian territory, targeting dozens of military and strategic facilities linked to the country’s nuclear programme and missile capabilities. Israeli officials justified the action by Read more…
Only yesterday we questioned the sustainability of the stock market’s upward trend amid alarming news from the Middle East and the evacuation of the US embassy in Iraq — and today, the S&P 500 chart Read more…
Daily Pivots: (S1) 194.73; (P) 195.33; (R1) 195.94; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will Read more…