Logo-color Logo-white

Markets A rising tide lifts all boats. Or in this case, a rising Chinese stock market lifts global risk sentiment. More fiscal spending, measures to stabilize the property sector, potential capital injections in the largest banks and forceful rate cuts are now also part of the toolkit announced earlier this week. European stock markets closed […]

The post A Rising Tide Lifts All Boats appeared first on Action Forex.

previous

Oil Tests Crucial Support

next

Will AUDUSD Rally Pause Prove Temporary?

Read More

15/06/2024

Housing and Retail Sales Data to Show Canadians Continue to Hold Back

Economic data in the week ahead should show further softening in Canadian (per-person) household spending before the Bank of Canada pivoted to lower interest rates in June. Early reports from regional real estate boards suggested housing markets were in a holding pattern in May. Home resales edged lower in most regions including Toronto, Vancouver, and […]
11/09/2024

Japanese Yen Taking a Leap This Morning

Markets Momentum changed yesterday from the US opening as core bonds steamed ahead. The move was triggered by another sudden drop in oil prices. Brent crude prices opened around $72/b, but a break below the recent lows ($70.6 area) accelerated the downleg with an intraday low near $68.5/b. Commodity prices like oil or iron ore […]
12/01/2024

Australian Dollar Edges Up as China CPI Slips

China’s CPI declines by 0.3% Fed’s Mester pushes back against March rate cut expectations The Australian dollar has edged higher on Friday. In the European session, AUD/USD is trading at 0.6693, up 0.09%. Policy makers at Australia’s central bank are keeping a close eye on this week’s inflation data out of Australia and China. Australia’s […]