Eco Data 1/8/25 – Action Forex

The Nasdaq 100 (US Tech 100 mini on FXOpen) chart shows:→ January’s opening price was around 21,085.→ February’s closing price was around 20,867. This marks a 1% decline since the start of the year. A report from Goldman Sachs, published on Friday, reinforces bearish sentiment, stating that global hedge funds sold more stocks than they…

GBP/USD’s fall from 1.3433 resumed by breaking through 1.2486 support last week. Initial bias stays on the downside this week for 1.2256/98 cluster support zone. Strong support is expected there to contain downside to bring rebound, at least on first attempt. On the upside, break of 1.2474 support turned resistance will turn intraday bias neutral…

By Brigid Riley TOKYO (Reuters) -The U.S. dollar ticked up to a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen was the biggest mover, sliding to 152 per dollar for the first time since July 31…

Are we about to see a bounce or a break for Brent crude oil? The energy commodity has formed lower highs and higher lows lately, creating a symmetrical triangle pattern on its 4-hour chart. Better keep this triangle support zone on your radar if you’re hoping to catch a move! Brent Crude Oil (UKOIL) 4-hour…