Logo-color Logo-white

Markets A barrage of Chinese monetary stimulus measures lifted the likes of the CSI 300 with more than 4% and jumpstarted European dealings too. The EuroStoxx50 rose as much as 1.4%, lead by consumer discretionary/luxury sector, before paring gains to around 1% currently. WS opened slightly higher. The risk-on environment leaves some traces on bond […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

AUD/USD Outlook: Dips After Less Hawkish RBA, But Larger Bulls Remain Intact

next

China’s Stimulus Boosts Yuan and Shares

Read More

20/04/2024

Eurozone PMIs Eyed as Euro’s Focus Turns to Rate Cuts Beyond June

Eurozone appears to be on the mend but ECB still on track to cut in June For the euro, rate outlook beyond June increasingly more important Flash PMI readings for April are due on Tuesday, 08:00 GMT Will PMIs confirm tepid recovery signs? The euro area economy stagnated in the middle of 2023 but narrowly […]
27/01/2024

The Weekly Bottom Line: Feds, BoC Steal This Show This Week

U.S. Highlights The U.S. economy ended 2023 on a solid note, with GDP rising 3.3% quarter-over-quarter (annualized) – smashing expectations for a more moderate gain of 2%. The consumer remained a key factor underpinning last quarter’s strength, with spending accelerating sharply through the holiday shopping season. Inflation continued to drift lower in December, with the […]
24/06/2024

EUR/USD: Bounce Needs to Clear 1.0760 Barrier to Signal Stronger Correction

EURUSD bounces on Monday, as traders collect profits from Thu/Fri fall. The single currency regained traction despite weaker than expected German Ifo data, as sentiment improves on growing expectations on ECB rate cut, following recent weak economic data. Markets shift focus to US PCE data and French election, due this week and expected to generate […]