Tag: Market trends
Bitcoin Surges to All-Time High Amid U.S. Election Updates
Bitcoin has reached a new all-time high, surpassing the previous peak set on 14 March. The price of Bitcoin surged past $75,300 per coin, showing a significant increase in value. This surge coincides with...
ISM Services Index Reaches 27-Month High in October
The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since July 2022. The employment sub-index also saw a significant increase...
China’s Caixin PMI Composite Rises to 51.9, Policy Impact Shows – Action Forex
China's Caixin Services PMI saw a significant rise to 52.0 in October, surpassing expectations and showing the highest rate of growth in three months. This growth is part of a continued expansion trend that...
GBP/USD Forecast: Weekly Analysis and Predictions for Action Forex Traders
The GBP/USD pair saw a decline from 1.3433 last week, dropping to 1.2842 before bouncing back. The outlook for this week is uncertain, with a neutral bias for potential consolidations initially. However, a further...
EUR/USD Weekly Forecast: Latest Analysis and Trends
The EUR/USD pair saw a rise from a short-term low of 1.0760 last week, reaching 1.0904 before retreating. This week, the initial bias has turned neutral. There may be more consolidation above 1.0760, and...
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...
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...
AUD/USD Weekly Analysis and Forecast – Action Forex
The Australian dollar to US dollar (AUD/USD) pair continued its decline last week, dropping from 0.6941. The breach of the 0.6621 resistance level indicates a potential bearish reversal in the near term. The initial...
USDJPY Analysis: Will Momentum Continue Below 200-Hour MA?
The USDJPY pair is showing some positive signs for sellers based on technical analysis. The price failed to reach a topside trend line on the hourly chart, which is seen as a small negative....
Weekly Market Recap: Major Indices Close Higher and Up for the Week
The stock market had a positive week with major indices closing higher. The Nasdaq showed the strongest performance, leading the way for the Dow and the S&P. However, the small cap Russell 2000 closed...
