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news-29102024-163602

US Stock Market Prepares for Slight Dip in Opening | Forexlive

Yields in the US stock market are on the rise, causing a slight pause as investors adjust to the potential impact of a Trump Presidency next week. The futures market is currently indicating a...
news-29102024-163526

EUR/USD Analysis and Forecast: Key Updates and Trends – Action Forex

The EUR/USD pair experienced a notable fall recently after being rejected by the 55 4-hour Exponential Moving Average (EMA) at 1.0832. Despite this, it managed to stay above the temporary low of 1.0760. At...
news-29102024-103232

BlackRock CEO Predicts Fed to Cut Rates by 25 bps Before Year-End

BlackRock CEO, Larry Fink, recently made a prediction about the Federal Reserve cutting rates before the end of the year. He believes that there will be a rate cut of at least 25 basis...
news-29102024-103202

GBPUSD Trading Range Forecast: 1.2900 – 1.3000 Key Levels – Action Forex

GBPUSD recently lost momentum as it approached the uptrend line, signaling a potential shift in the market. Although the pair broke the long-term ascending trendline, it is currently trading within a narrow range after...
news-29102024-043137

China’s Luckin Coffee to Enter US Market, Plans to Undercut Starbucks Prices

China's Luckin Coffee, known for its aggressive expansion and competitive pricing, is set to enter the US market in a move that could shake up the coffee industry. The company, often referred to as...
news-29102024-043107

Eco Data Analysis for October 29, 2024 – Action Forex

The Eco Data Analysis for October 29, 2024, provided insights into various economic indicators across different countries. Here is a breakdown of the data:- Japan's Unemployment Rate for September remained steady at 2.50%. - Germany's...
news-28102024-222610

Crude Oil Futures Settle at $67.38 – Latest Update and Analysis

Crude oil futures ended the day at $67.38, marking a decrease of -$4.40 or -6.13%. Throughout the day, the price fluctuated between a low of $66.94 and a high of $68.84. The drop in...
news-28102024-222535

Navigating the FOMC Blackout: November Flashlight Analysis – Action Forex

The Federal Open Market Committee (FOMC) recently initiated an easing cycle by reducing the fed funds target range by 50 bps to 4.75%-5.00% at its last meeting in September. However, it appears that further...
news-28102024-162240

Best Day of the Year for Stock Markets: Forexlive Analysis and Insights

According to Carson Investment Research, October 28 has historically been the best day of the year for the S&P 500. While daily averages may be influenced by unique events, Goldman Sachs also points out...
news-28102024-162211

USD/JPY Forecast: Mid-Day Analysis and Outlook for Today – Action Forex

The USD/JPY pair is showing an upward bias during the day with minor support at 151.44 remaining intact. If the pair continues to trade above the 61.8% retracement level of 153.39, we could see...