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In focus today Today, we look out for several Fed speakers as Williams, Barkin, Barr, Bostic and Waller are all speaking. In Denmark, we get Q1 preliminary GDP figures, which we expect to be unchanged compared to the very impressive Q4 figures of last year. Further, refinancing auctions of mortgage loans will have the Danish […]

The post PMIs in Focus This Week appeared first on Action Forex.

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Commodity Currencies Retreat from Local Highs

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11/12/2023

Sunset Market Commentary

Markets The Japanese yen last week grabbed a lot of market attention over speeches by the Bank of Japan’s number 1 (governor Ueda) and shared number 2 (deputy governor Himino). Both fanned speculation over an imminent (ie December 19) policy shift, lifting Japanese yields and with it the yen. The currency hijacked the spotlights again […]
14/03/2024

WTI: Oil Prices Continue to Rise on Brighter Demand Outlook

WTI oil price rose further on Thursday, extending gains above psychological $80 barrier and looking for the first daily close above this level since Nov 6. Near-term bullish sentiment improved after the latest International Energy Agency’s report showed an upward revision to demand growth forecasts and cut in 2024 supply forecast. The data brightened oil’s […]
08/04/2024

BTC/USD Analysis: Bitcoin Price Rises Ahead of Halving

The halving (reduction of block mining rewards) is expected to occur on April 19-20. Theoretically, Bitcoin mining will become less profitable, leading to a reduction in coin supply. Given unchanged demand, this should drive up the BTC/USD price. Ripple CEO Brad Garlinghouse has forecasted that the cryptocurrency market cap will double by the end of […]