Logo-color Logo-white

Markets A series of weaker-than-expected national inflation figures culminated in the first sub 2% European-wide reading for September today. The 1.8% y/y outcome was the lowest since April 2021 with the first negative m/m (-0.1%) print since January this year. The limited details available yet do show it’s mainly an energy-driven event, with favourable base […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Crypto’s Step Back for Acceleration

next

JPY Pairs Approach Key Levels Rapidly

Read More

25/04/2024

Crypto: Bears Plotting New Attack

Market picture Over the past 24 hours, the cryptocurrency market has lost more than 3.5%, falling to a capitalisation of $2.37 trillion. Bitcoin shows a decline with a similar amplitude; Ethereum lost less than 3%, while BNB added 0.1%, and Solana fell by 6.5%. On Wednesday, Bitcoin retreated significantly from its 50-day moving average, which […]
22/07/2024

WTI Oil Outlook: Bears Taking a Breather After 4.3% Weekly Drop

WTI oil price is holding within a narrow consolidation in early Monday, following sharp acceleration lower on Friday (down 2.8% for the day) and weekly loss of 4.3% (the biggest weekly drop since the last week of April. Oil closed below $80 on Friday, for the first time in five weeks, with near-term action being […]
22/01/2024

USD/JPY: Yen Pauses in Anticipation of Bank of Japan’s Decision

In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today or tomorrow due to the Bank of Japan’s meeting, […]