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Markets US presidential election polls remain talk of town in an otherwise uninspiring trading session. Trump’s momentum was already dented last week following some swing-state polls. They took away his narrow lead in prediction models, putting both candidates at exactly 50%. Focus today switched to an Iowa survey which put Harris ahead in the hawkeye […]

The post Sunset Market Commentary appeared first on Action Forex.

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11/06/2024

Alarming UK Labour Market Data

Unexpected weakness in the UK labour market could signal an important turnaround in the economy and raise the urgency of monetary easing. The short-term impact on the Pound has been relatively limited, but the currency market has now adopted a wait-and-see approach ahead of Wednesday’s US news. This morning’s batch of data from the UK […]
24/09/2024

Bitcoin Price Could Be Ready for Bigger Gains, Gold Sets New ATH

Key Highlights Bitcoin price gained over 15% in the past few days. BTC is trading above a connecting bullish trend line with support at $61,500 on the 4-hour chart. Oil prices corrected losses and climbed above the $71.20 resistance. Gold surged to a new all-time high above $2,630. Bitcoin Price Technical Analysis Bitcoin price started […]
11/01/2024

Rising (US) Yields Should Provide a Bottom for Dollar

Markets ECB’s Schnabel triggered some unexpected market action yesterday. The German board member lived up to her hawkish reputation by noting that talk about rate cuts is premature. That’s more so because the recent decline in bond yields, exactly because of rate cut expectations, have loosened financial conditions more than thought. Combined with sentiment indicators […]