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Markets The biggest moves in markets ahead of tonight’s Fed policy meeting happened in the Japanese yen. A not completely expected rate hike to 0.25% by the Bank of Japan this morning, accompanied by a bond taper programme, took some investors off guard. In a hawkish presser afterwards, governor Ueda said that if the economy […]

The post Sunset Market Commentary appeared first on Action Forex.

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Canada’s Economy Advanced in May, Modest Growth Expected in June

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GBP/USD Eyes Rebound: Can It Regain Strength?

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27/05/2024

Will Gold Resume Its Prevailing Uptrend?

Gold stabilizes after last week’s sharp slide Oscillators point to corrective phase A break of record high could challenge $2,500 For the outlook to change, a dip below $2,145 may be needed Gold stabilized on Friday and is recovering ground today, following a decent drop from its record high at around $2,450 on May 20. […]
02/09/2024

BTC/USD Analysis: Bitcoin Price at a Crossroads

On 9 August, our analysis of the long-term BTC/USD chart noted that Bitcoin’s price was at a crossroads, moving within the bounds of two channels: → A bullish channel (shown in blue), which began forming in 2023 on the back of Bitcoin ETF approval rumours; → A bearish channel (shown in red), which started taking […]
07/03/2024

Dollar Index (DXY) Should Continue Lower

Short Term cycle in Dollar Index (DXY) shows an incomplete bearish sequence from 2.14.2024 high favoring further downside. Down from 2.14.2024 high, wave 1 ended at 103.43 as an impulsive structure. Wave ((i)) ended at 104.18 and wave ((ii)) ended at 104.67. Wave ((iii)) lower ended at 103.79 and rally in wave ((iv)) ended at […]