Logo-color Logo-white

Markets Make it five. Five consecutive days of rallying US Treasuries on the (consequences of) the same theme: fading growth momentum and what it might mean to the Fed. At the front end of the curve, we’ve seen the obvious swing back from a first cut in December to the Fed pulling the trigger already […]

The post Focus Turns to Europe and to ECB Today appeared first on Action Forex.

previous

GBP/USD Shows Signs of Strength, 1.3000 Next?

next

GER 40 Index in Positive Mood Ahead of ECB Rate Decision

Read More

17/09/2024

Crude Oil Prices Recovery Begins: Can It Sustain?

Key Highlights Crude oil prices started a recovery wave from the $65.50 support. A major bearish trend line is forming with resistance at $72.50 on the 4-hour chart. Gold consolidated gains after trading to a new all-time high above $2,580. EUR/USD regained traction for a move above the 1.1100 level. Crude Oil Price Technical Analysis […]
11/01/2024

Nikkei225 Needs a Breather But Hardly Done Ascending

Japan’s Nikkei225 index hit new highs since February 1990 on Thursday morning and climbed above 35000. The rise accelerated sharply this week after breaking above the 34000 level, which acted as resistance in the second half of 2023. The fundamental reason for buying was the dramatic drop in expectations that the Bank of Japan would […]
11/09/2024

USD/JPY Outlook: Key Supports Under Pressure

USDJPY fell to the lowest in 8 ½ months on Wednesday (140.70) following probe through pivotal support at 141.68 (Aug 5 spike low). Subsequent bounce came from oversold conditions on daily chart, with partial profit taking to lift the price and position for fresh push lower. Close below 141.68 is needed to confirm bearish continuation […]