Logo-color Logo-white

Markets With national German (and Italian) inflation data, an appearance of ECB present Christine Lagarde before the EU Parliament and Fed Chair Powell speaking before the National Association of Business Economics conference (Nashville), investors today already receive quite some interesting input to challenge their positioning regarding the outcome of the next ECB (Oct 17, unchanged […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Australian Dollar Reaches 19-Month High Boosted by Chinese Economic Stimulus and Weaker US Dollar

next

Gold (XAU/USD) Prices Slide as Q3 Draws to a Close

Read More

06/12/2023

WTI Oil: Bears Hold Grip on Demand Concerns, OPEC+ Decisions

WTI oil price fell below $72 on Wednesday and trading at the lowest levels in five months. Bear-leg from $79.57 (Nov 30 peak) extends into fifth straight day, as decision of OPEC+ to extend production cuts and further reduce output from January did not satisfy market expectations, with growing concerns over fuel demand on clouded […]
15/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.46 is identified as an overlap support that aligns with a confluence of Fibonacci levels i.e. the 161.80% extension and the 61.80% projection […]
29/04/2024

Is There Anyone Out There?

Just one week after posting its worst weekly loss over a year, and after a week of unfavourable economic data for both the US economic outlook and Federal Reserve (Fed) expectations, we saw the S&P500 record its best performance since October 2023. Yes, the S&P500 gained nearly 3% last week, while Nasdaq 100 gained more […]