Logo-color Logo-white

Oil went on the offensive last week, once again confirming the importance of support at the 200-week moving average. Both robust US economic data and OPEC+ intentions to keep production under control fuelled the rally. All this is on top of growing supply issues across the Red Sea. Oil is currently undergoing a crucial technical […]

The post Will Oil Continue iIts Rise This Time? appeared first on Action Forex.

previous

Are EURCHF Bulls Ready for a Breakout?

next

Sunset Market Commentary

Read More

03/09/2024

Commodity Currencies Trade in the Defensive

Markets European stocks opened in red, ended in green. German yields added some 3-4 bps, launching the 10-yr yield to the highest level since the August meltdown. And the Japanese yen lagged global peers on currency markets. That’s about all there is to say about yesterday’s uneventful, US-missing trading day. Morning news today remains very […]
08/01/2024

Could Tokyo CPI Be Another Small Step Towards the Much-Touted BoJ Normalization?

Tokyo CPI report kicks off a very interesting period for the BoJ Earnings data under the microscope until we get wage news Yen’s recent gains against the euro are under threat if data releases turn negative Tokyo CPI released on Tuesday; average earnings data on Wednesday Strong start of 2024 with Tokyo CPI and earnings […]
04/06/2024

Swiss Franc Edges Higher as Inflation Holds at 1.4%

The Swiss franc is in positive territory on Tuesday. USD/CHF is trading at 0.8935 in the European session, down 0.24% on the day. The Swissie has posted its strongest rally of the year, with gains of 2% since May 29th and is trading at its highest level since March 21st. Swiss inflation unchanged Switzerland’s inflation […]