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Attractive growth opportunities in Asia will support currencies and yields despite a narrowing rate differential with the FOMC. With the US FOMC having started its rate easing cycle, central bankers across emerging markets (EMs) are also getting ready to adjust policy. At the end of this cycle, policy rates across the region are likely to […]

The post Carry Trade to Give Way to Longer-Term Investment in Asian Growth appeared first on Action Forex.

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EUR/USD Momentum Builds: Can It Go Higher?

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09/12/2024

EUR/USD Under Pressure: Resistance Levels Hold Firm

Key Highlights EUR/USD started a recovery wave above the 1.0520 resistance zone. A key rising channel is forming with support near 1.0500 on the 4-hour chart. GBP/USD is attempting to recover above the 1.2750 resistance zone. Crude Oil prices are again moving lower and might decline below $66.50. EUR/USD Technical Analysis The Euro started a […]
23/07/2024

Crypto: Tactical Retreat from the Peak

Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin and Ethereum are losing just over 1% each, while most altcoins are losing significantly more, […]
27/11/2024

Sunset Market Commentary

Markets This morning, (Asian) markets were ‘unsettled’ as US president-elect Trump via his ‘Truth’ social network announced additional tariffs on Canada and Mexico (25%) as he assesses they don’t do enough to stop what he calls the ‘invasion of drugs’ and ‘illegal aliens’ into the US. Also China will face an additional levy of 10% […]