Logo-color Logo-white

Markets With the EMU May Flash CPI and the US (core) April PCE deflators on the agenda, global trading today again was fully focused on inflation and what it could mean for the start and/or the pace of monetary easing. EMU inflation surprised slightly to the upside. Headline CPI slowed to 0.2% M/M from 0.6% […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

U.S. Consumer Spending and Income Slow in April

next

Week Ahead – ECB Rate Cut Might Get Eclipsed by BoC Surprise and NFP Report

Read More

06/03/2024

EURUSD Holds in Tight Range Within SMAs

EURUSD remains above downtrend line RSI and MACD look weak EURUSD has been developing within a narrow range of the 20- and the 50-day simple moving averages (SMAs) of 1.0805 to 1.0860 respectively. The pair is still standing above the short-term downtrend line and the 200-day SMA, confirming the broader bullish outlook. Technically, the RSI […]
21/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.87 is identified as a multi-swing-low support. Further below, the 2nd support level at 100.67 is noted as a swing-low support, further reinforcing […]
19/03/2024

Crypto Market Deepens Correction

Market picture The crypto market lost 6% in 24 hours to $2.42 trillion. Solana reversed Tuesday’s decline, losing 9% in 24 hours – the last of the major altcoins to fall into a correction. Bitcoin is down 5% after falling to $64.4K. That’s its lowest level in two weeks and 13.5% below its high. A […]