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Markets The rise in US yields and the dollar showed signs of fatigue lately, hardly reacting to positive data. What can’t go up, must come down. Donald Trump picking Scott Bessent for Treasury Secretary yesterday was a perfect trigger for a countermove. While fully supporting Trump’s tariffs and tax cuts, markets considered him as a […]

The post Market Hope on a ‘Guarded’ Implementation of Trump Policies Seriously Challenged appeared first on Action Forex.

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03/09/2024

EURJPY Eases from 38.2% Fibonacci

EURJPY may find significant resistance at 164.00 Rebound off 7-month low still holds RSI heads down below 50 level MACD recovers above its trigger line EURJPY is currently heading south following the unsuccessful battle with the 162.30 resistance level, which is the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40. However, […]
27/11/2024

Ceasefire Gives Hope, US Data in Focus Before Thanksgiving

Even though Donald Trump’s tariff threats on China, Mexico and Canada didn’t concern Europe, the feeling in Europe was far from being comfortable yesterday. The word tariff gives cold chills especially to the European carmakers that already found themselves in crossfire with China. As such, Stellantis lost more than 5% yesterday while Volkswagen tanked another […]
10/06/2024

Fed Pivot Less Likely After Strong NFP, Focus on CPI Report and Dot Plot

A dovish pivot by the Fed is looking less likely at the June meeting Will Fed officials flag two or just one rate cut after strong jobs data? CPI report will also be crucial on Wednesday (12:30 GMT) Statement due at 18:00 GMT will be followed by press conference at 18:30 GMT One step forward, […]