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Market Picture The crypto market lost 1.7% of its cap in 24 hours to $2.24 trillion. The market is correcting as Trump’s chances of winning national polls diminish ahead of the election. For now, it looks like a de-risking ahead of an important event where both major candidates have roughly equal chances of winning. The […]

The post As Bitcoin Retreats from the Top, Ethereum Moves to the Bottom appeared first on Action Forex.

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27/06/2024

Yen Drops to 1986 Low

In focus today Today focus will be on the Riksbank’s policy rate announcement at 09.30 CEST followed by a press conference at 11.00 CEST. The Riksbank is widely expected to leave the policy rate unchanged at 3.75%. We stick to our call for the next rate cut coming in September, followed by quarterly cuts of […]
25/01/2024

Sunset Market Commentary

Markets European January PMI surveys failed to really inspire trading. A disappointing outcome for the French services PMI – releases ahead of German and aggregate EMU data – caused a spike higher in German Bunds, but lack of follow-through buying rapidly pulled German bonds back to opening levels. The EMU composite PMI improved marginally from […]
29/04/2024

Japanese Yen Shows Volatility Amid Speculation of Intervention

The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no official confirmation. Today’s market movement is particularly notable due to a public holiday in Japan, which has resulted […]