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Last week ended on a positive note for the European stocks and negative note for the US stocks. Friday saw the S&P 500 dive more than 1%, while the Stoxx 600 closed 0.67% higher. We can’t drive major conclusions in a holiday-shortened and thin-trading-volume week, but last week’s price action looked pretty close to the […]

The post A Quiet Monday appeared first on Action Forex.

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10/09/2024

Sunset Market Commentary

Markets Spotting significant market moves is like looking for a needle in a haystack today. We give it our best shot anyway by diving into a bumper bond sale taking place in Italy. The southern country’s 30-yr auction drew a record €130bn+ in demand, allowing it to tighten the final terms from BTPS+15 bps area […]
25/04/2024

Ethereum (ETH) Could Rally If This Resistance Gives Way

Key Highlights Ethereum started a recovery wave from the $2,800 zone. ETH price is facing resistance near a key bearish trend line at $3,400 on the daily chart. Bitcoin price is struggling to gain pace for a move above the $67,500 resistance. Gold price found support at $2,290 and started a consolidation phase. Ethereum Technical […]
15/10/2024

China’s Data Remains Weak, But There Are Signs of a Turnaround

The past few days have been packed with economic news from China, from inflation figures to a press conference on stimulus measures. While market reaction to the data has been relatively mixed, there is a lingering sense of disappointment that may well build over the coming days. The CPI slowed to 0.4% y/y versus the […]