Logo-color Logo-white

Markets After last-week’s softer than expected US CPI data, global investors gained ever greater confidence that the Fed will embark for a genuine, protracted easing cycle soon. Yields turned south, especially at the short end of the (US) yield curve. The dollar faced an uphill battle, but losses after all remained modest. Key support levels […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

EUR/CHF Technical: Euro Underperformance Over Swiss Franc May Have Resumed

next

Crude Oil Targets Fresh Gains: Key Factors to Watch

Read More

29/04/2024

Crypto Market Retreats Due to Overhang of Sellers

Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3 trillion. The last time this level of capitalisation was on 19th April. Most worrying is the reversal of the trend from up to down last Wednesday. If the market easily pulls back below the previous local lows ($2.2 trillion), the […]
31/01/2024

Sunset Market Commentary

Markets Economic growth stood in the spotlights today. The IMF in its quarterly World Economic Outlook raised the global forecast from 2.9% to 3.1% this year while keeping the 2025 estimate at 3.2%. The chief economist of the Washington-based institute said “The global economy continues to display remarkable resilience, and we are now in the […]
14/05/2024

Everybody is Fed-Dependent

The major indices in Europe and the US across traded rangebound near their ATH levels and the US dollar index fluctuated a touch above the 105 level ahead of the US and European inflation updates that will start flowing in today. The major story of Monday was a renewed rally in Gamestop and AMC shares […]