Logo-color Logo-white

Markets European stocks opened in red, ended in green. German yields added some 3-4 bps, launching the 10-yr yield to the highest level since the August meltdown. And the Japanese yen lagged global peers on currency markets. That’s about all there is to say about yesterday’s uneventful, US-missing trading day. Morning news today remains very […]

The post Commodity Currencies Trade in the Defensive appeared first on Action Forex.

previous

USD/JPY Price Forecast – USD Gains Despite Labor Day Liquidity

next

Brent Crude Under Pressure Amid Supply Expansion Concerns

Read More

18/12/2023

GBP/USD: Constructive Above Daily Tenkan-sen But Double Top Weighs

Early Monday’s action is holding within a narrow consolidation following Friday’s 0.6% pullback which left a double-top (1.2793/90). Cable remains constructive above daily Tenkan-sen (1.2647) but needs to clearly break above cracked Fibo barrier at 1.2719 (61.8% of 1.3141/1.2037) to bring bulls fully in play for fresh push towards targets at 1.2800/37 (round-figure / 200WMA). […]
24/04/2024

Canada: Retail Sales Registered Loss in February, Auto Sales Partially Recover

Retail sales declined by 0.1% month-on-month (m/m) in February, coming in weaker than Statistics Canada’s advance estimate for a 0.1% gain. January’s print was unchanged at -0.3% m/m. Adjusted for inflation, the volume of retail sales was down 0.3% in January after two months of gains. Sales at motor vehicle and parts dealers rose by […]
29/08/2024

Dollar for Now Fails to Build on Yesterday’s Rebound

Markets More technical, order driving trading for global markets yesterday. An almost empty eco calendar left investors counting down to upcoming data (EMU CPIs today and tomorrow, US PCE deflators on Friday, key early month data next week) and prevented clear directional moves. A $70 bln US Treasury auction was OK, but hardly left any […]