Logo-color Logo-white

Markets The Bank of Japan’s first rate hike since 2007 that ended an 8-year experiment with negative rates remained talk of the town today. Ironically though, the Japanese yen nor yields profited from what is nevertheless a historical shift, quite the contrary. This morning’s policy outcome was telegraphed well in advance to markets and there’s […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Brent Oil Prices Continue to Surge, Reaching New Peaks

next

Another Downside Surprise in Canadian February CPI

Read More

15/03/2024

Euro Stabilizes, ECB Starts Talking Rate Cuts

The euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%. ECB members signal rate cuts coming The European Central Bank maintained the deposit rate at 4.0% for a fourth straight time at last week’s […]
25/05/2024

Week Ahead – US PCE Inflation and Eurozone CPI Data Enter the Spotlight

Dollar traders lock gaze on core PCE index Eurozone CPIs in focus as June cut looms Tokyo CPIs may complicate BoJ’s policy plans Aussie awaits Australian CPIs and Chinese PMIs Will PCE data break the “higher for longer” mantra? The US dollar stabilized this week, recovering a small portion of the losses it posted after […]
28/03/2024

XAUUSD: In Supply Zone. How Far to Consider the Next Retracement?

Bearish scenario: Sell below 2200 / 2194 with TP1: 2190, TP2: 2180, and TP3: 2172 with S.L. above 2204 or at least 1% of account capital*. Nearest bullish scenario: Buy above 2197 with TP: 2200 and TP2: 2203, with S.L. below 2195 or at least 1% of account capital*. Apply trailing stop. Bullish scenario after […]