Logo-color Logo-white

Markets In yet another dull trading day the weak SEK (cf. below) and JPY stand out. The yen is not impressed by Ueda ramping up warnings. It began in Asian dealings, where the BoJ governor said that a policy response (i.e. rate hike) could be needed depending on the currency’s moves. Ueda said a weak […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Canadian Dollar Slips Despite Strong Ivey PMI

next

April CPI Preview: The Clock Is Ticking for a September Cut

Read More

29/07/2024

USD Analysis: Key Data Releases and Technical Outlook for the Week and intraday. EURUSD

Fundamental Analysis In the absence of high-impact data on Monday, July 29, 2024, market sentiment is focused on the key data releases for the week. First, the Federal Reserve’s interest rate decision is set for Wednesday. While no rate change is expected, any adjustment in the statement’s language could signal a more dovish or hawkish […]
01/04/2024

Bitcoin Sets the Stage for Growth

Market picture The crypto market capitalisation fell to $2.63 trillion. – the bottom of the range for the week. The top coins have moved without momentum over the past 24 hours, with losses for BTC (-0.9%), Ethereum (-1.9%) and BNB (-3%), but gains for Solana (1.4%), Dogecoin (+0.5%) and Toncoin (+2%). Bitcoin was once again […]
04/12/2023

Mixed Feelings

The Federal Reserve (Fed) President Jerome Powell pushed back against the rate cut bets at his speech given in Atlanta last Friday. He is of course playing the card of ‘high for long’ rates to tame inflation, yet he hinted that the Fed will probably not hike rates when it meets this month. He said […]