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Markets One of the biggest-ever IT outages sparked volatility at the start of European trading but without lasting impact on general markets. A security update by CrowdStrike caused a global problem with Microsoft’s Windows. UK retail sales also printed at the onset of trading and failed to settle the debate on the outcome of the […]

The post Sunset Market Commentary appeared first on Action Forex.

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05/12/2023

Will US NFP Report Come to Dollar’s Rescue?

Data and Fed rhetoric prompt investors to increase rate cut bets Dollar’s next major test comes in the form of the US jobs report The data comes out on Friday at 13:30 GMT Dollar bleeds as investors ramp up bets of massive rate cuts The US dollar has been bleeding lately as the market keeps […]
12/03/2024

GBP/USD Loses Ground on Soft Employment Report

The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down 0.26%. UK job market slows down The UK labor market has remained resilient despite elevated interest rates but is showing signs of cracks, based on today’s employment release. The unemployment rate rose to 3.9% in the […]
16/05/2024

Euro Edges Lower After ECB’s Financial Stability Warning

The euro has posted slight losses on Thursday. EUR/USD is down 0.20%, trading at 1.0860 in the North American session at the time of writing. ECB warns of risks to financial stability The ECB’s Financial Stability Review expressed concern that financial stability could be affected by the possibility of “adverse economic and financial surprises”. Geopolitical […]