Summary 6/10 – 6/14 – Action Forex

Monday, Jun 10, 2024 Tuesday, Jun 11, 2024 Wednesday, Jun 12, 2024 Thursday, Jun 13, 2024 Friday, Jun 14, 2024
The post Summary 6/10 – 6/14 appeared first on Action Forex.

Monday, Jun 10, 2024 Tuesday, Jun 11, 2024 Wednesday, Jun 12, 2024 Thursday, Jun 13, 2024 Friday, Jun 14, 2024
The post Summary 6/10 – 6/14 appeared first on Action Forex.
Two Brokers, One Brand, But Why? Starting off our weekly news update is an interesting case of two brokers fighting for the same brand. Offshore broker BCS Markets (formerly BCS Forex), a part of the Russian financial conglomerate BrokerCreditService and a sister brand of the Russian-licensed forex dealer BCS-Forex, appeared to have rebranded itself as…
Shifting Expectations about What Central Banks Might Need to Do March 3, 2026 All things considered, the reaction of financial markets yesterday to the quickly unfolding war in the Middle East was more muted than many had reason to expect. The media are having a hard time keeping up with the rapidly changing events, and…
Fundamental Overview The weak US NFP report last Friday triggered risk-off flows. Things got dire on Monday as the Japanese Nikkei dropped 12% overnight and we saw a general selloff in global stock markets. At one point, the markets saw the Fed cutting rates by 136 bps by year-end and some chances of an emergency…
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart September 11th Last September 11th, we talked…
Putin-Fico Meeting: Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in the Kremlin. Discussions focused on gas transit and international relations as the Russia-Ukraine gas transit contract nears expiration (end of 2024). Slovakia’s Gas Dependency: Slovakia relies on gas transiting through Ukraine. Fico criticized Ukrainian President Zelensky for refusing to extend the transit…
Occidental Petroleum (NYSE: OXY) is gaining momentum in recent weeks due to global events. Today, we inspect its current Elliott Wave structure. This analysis highlights the next high-probability path for the stock. Elliott Wave Analysis OXY dropped 54% from its 2022 peak in a three-wave zigzag structure. This decline marked wave (II), bottoming at $34.78…