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Markets This morning, (Asian) markets were ‘unsettled’ as US president-elect Trump via his ‘Truth’ social network announced additional tariffs on Canada and Mexico (25%) as he assesses they don’t do enough to stop what he calls the ‘invasion of drugs’ and ‘illegal aliens’ into the US. Also China will face an additional levy of 10% […]

The post Sunset Market Commentary appeared first on Action Forex.

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12/11/2024

EUR/USD Dips Further While USD/CHF Turns Green

EUR/USD extended losses and traded below the 1.0775 support. USD/CHF is rising and might aim a move toward the 0.8850 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0935 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at 1.0680 […]
26/04/2024

Can Chinese PMIs Solidify the Economy’s Recovery Prospects?

Important Chinese PMI surveys on Tuesday, ahead of the Fed meeting Improvement across the board could be on the cards after positive GDP print Aussie could benefit against the US dollar Data to be released on Tuesday at 01.30 and 01.45 GMT respectively A Fed-dominated week The market’s focus next week will be firmly on Wednesday’s Fed […]
16/05/2024

Bitcoin Price Hits a Month’s High, Breaking Key Resistance

Yesterday’s release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price of Bitcoin hit a May high. Meanwhile, there is sustained demand in the market driven […]