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In recent trading sessions, European currencies have shown mixed performance. The EUR/USD pair found support just below the 1.0800 level, while GBP/USD plunged below the critical 1.2900 support. Today, investors and market participants are awaiting U.S. labour market data, while next week’s U.S. election adds to the anticipation. This could lead to sharp increases in […]

The post Euro Retreats from Recent Lows, Pound Plummets After Budget Data Release appeared first on Action Forex.

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AUDUSD Holds Near August Lows: US Dollar Pressure Remains Strong

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13/11/2024

Dollar Index Outlook: Bulls Reduce Speed Ahead of US Inflation Data

The Dollar index keeps firm tone and holding above former top 105.79 but near term action turned to the quiet mode in early Wednesday, ahead of key economic event today – US inflation data. Recent strong bullish acceleration after the dollar was lifted by US election results (so-called Trump trades) has slowed, as markets look […]
09/01/2024

Sunset Market Commentary

Markets Economic data were few today. Still core bond yields continued the bottoming out process that started last week, with Europe this time taking the lead. German yields are rising between 5-6 bps across the curve. Supply obviously was the name of the game today. According to Bloomberg analyses, a record of at least (probably […]
11/06/2024

Widening Spreads, Falling Euro – The Fed Won’t Help Lift Sentiment

Unimpressive was to investors what Apple revealed about its AI plans at its Worldwide Developer conference yesterday. The company gave details regarding its partnership with Sam Altman’s OpenAI, they said that they will integrate ChatGPT into iPhones via Siri, they promised that many workloads will be done on-device (without need to share user data), and […]