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Markets European markets were captured in an indecisive trading pattern yesterday, in the wake of the surprise win of the left alliance in the French elections. Spreads of France (and other peripheral EMU countries) initially tightened marginally as none of the extreme parties secured a majority to implement uncontrolled spending. However, from a longer term […]

The post Sunset Market Commentary appeared first on Action Forex.

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19/12/2023

BoJ on Hold

In focus today Today, euro area final HICP data for November will be released. With all the details out, it will be interesting to see what drove the downtick in inflation in November. In the US, we will get housing starts and building permits for November. On the central bank front, we have a few […]
06/09/2024

Gold Wave Analysis

Gold reversed from support level 2475.00 Likely to rise to resistance level 2535.00 Gold recently reversed up from the support level 2475.00 (former monthly high from July, which has been reversing the price from August) standing near the 38.2% Fibonacci correction of the upward impulse C from the start of August. The upward reversal from […]
13/12/2023

EUR/USD – Fireworks Expected from the Final Fed Meeting of the Year

Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it’s done with tightening and even signal rate cuts […]