Logo-color Logo-white

The dollar continued its October rally, and yields edged higher this week. The moves reversed somewhat by the end of the week, as investors maybe questioning the sustainability of the recent sharp rise in US rates. Oil prices retraced some of the decline from recent weeks which weighs on energy-importing currencies such as euro and yen. […]

The post Weekly Focus – Stagnant Euro Area Economy Supports Gradual Easing appeared first on Action Forex.

previous

Canada: Retail Sales Grow for the Second Consecutive Month, Supported by Auto Sales.

next

Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data

Read More

11/07/2024

Silver Price Outlook: Will Strong Demand and Tight Supply Keep Prices Shining?

Silver prices have risen due to a supply and demand gap, with demand outstripping supply for the fifth consecutive year. Industrial demand, driven by green energy, AI, and EVs, now accounts for 64% of global silver demand. A potential slowdown in China’s economy and prolonged high interest rates could dampen silver prices. Bullish Pennant pattern […]
12/01/2024

Week Ahead – China GDP and UK December CPI Reports Eyed Amid Rate Cut Frenzy

China reports Q4 GDP data on Wednesday; is a rebound in store? CPI numbers due in UK, Japan and Canada Retail sales to be the main focus in the US Is China’s recovery getting back on track? The Chinese economy suffered several wobbles in 2023, as the property crisis went from bad to worse. Markets […]
17/06/2024

Ethereum Bolstered by Hopes, Bitcoin Waits for a Signal

Market picture The cryptocurrency market has lost almost 5% over the past seven days. It has not given up important support levels but also has no significant drivers to resume growth. Bitcoin lost 4.7% over the week, in unison with the market. Ethereum lost 3%, while the top altcoins’ performance ranged between -7.7% (Solana) and […]