Logo-color Logo-white

Markets Chinese stock markets eventually closed 2% to 3% higher, giving the benefit of the doubt to further steps to support the property sector and hints at greater borrowing announced by Finance Minister Lan Fo’an on Saturday. Beijing didn’t disclose a headline figure, but measures got the thumbs up for now. The Chinese yuan failed […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

USDJPY Tests New 3½-Month High

next

China’s Data Remains Weak, But There Are Signs of a Turnaround

Read More

06/05/2024

Euro Edges Higher as Eurozone Data Improves

The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step forward in May, rising to -3.6, up from -5.9 in April and was […]
12/06/2024

Sunset Market Commentary

Markets US May CPI numbers served as an appetizer going into tonight’s FOMC meeting. Both headline (flat) and core (+0.2% m/m) inflation missed expectations for a 0.1% and 0.3% rise respectively. That resulted in slower y/y readings of 3.3% and 3.4% with the latter the lowest since April 2021. Airline fares (-3.6%), transportation (-1.1%) and […]
12/01/2024

Crypto Market Fluctuates But Does Not Move

Market picture Cryptocurrency market capitalisation is at the same level as the previous day at $1.76 trillion, with the market showing impressive intraday amplitude on Thursday, gaining and then losing around 7% across the major instruments. At the start of spot ETP trading, the price of bitcoin was close to $49K but was pushed back […]