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Markets Friday’s payrolls were soft but not that weak for markets to be sure that the Fed will start its easing cycle with a 50 bps step next week. In final comments before the start of the blackout period for Fed-communication, Fed’s Waller rubberstamped a ‘series of rate cuts’, but said to remain ‘open minded […]

The post Sunset Market Commentary appeared first on Action Forex.

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S&P 500, Nasdaq 100 – ‘Soft Landing’ Optimism Leads to Early Week Gains

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18/04/2024

BTCUSD Drops to 6-Week Low as Halving Looms

BTCUSD falls temporarily below 60,000 ahead of halving Momentum indicators point to intensifying downside pressures BTCUSD (Bitcoin) experienced a strong pullback following the formation of a triple top pattern, sliding below its 50-day simple moving average (SMA). Meanwhile, the price dropped to a fresh six-week low a tad beneath the 60,000 psychological mark, just a couple of days ahead of […]
29/05/2024

USD/JPY: Holds Bullish Bias But Daily Techs Mixed, All Eyes on US Inflation Data

USDJPY attempts to break above near-term narrow range and sustain gains after Tuesday’s marginal close above pivotal Fibo barrier at 157.01 (61.8% of 160.19/151.85 pullback), where attacks repeatedly failed last week. Technical signals are mixed on daily chart as Tenkan-sen crossed above Kijun-sen, but positive momentum is fading and stochastic is about to emerge from […]
04/09/2024

Research US: Soft Landing Still in Sight

Economic growth is slowing mostly in line with our expectations, but we think recession risks remain low. We make only marginal adjustments to our forecast profile and see 2024 GDP growth at 2.5% (from 2.3%) and 2025 at 1.5% (unchanged). Potential output continues to grow at a brisk pace, supported by increases in labour supply, […]