Logo-color Logo-white

Markets Markets initially followed a similar scenario yesterday. Even as there was little in the way of hard economic news, US and EMU yields tried a next step north. However, this time the move had less momentum. Remarkably, US yields were the first to run into resistance and currently ease between 1 bp (2-y) and […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

EURJPY Slightly Bullish Ahead of Key Obstacles

next

EURGBP Wave Analysis

Read More

08/02/2024

Bitcoin Completes Consolidation and Rushes to the High

Market Picture The crypto market made an impressive move higher, rising 3.4% in 24 hours to $1.71 trillion. The rise to its highest level since 12 January came as the S&P500 and Nasdaq-100 indices hit all-time highs. Bitcoin rose above its 50-day moving average, confirming the bullish medium-term trend and easing fears of a deeper […]
26/03/2024

Fed Speakers Covered Full Spectrum of Intra-FOMC Views

Markets In a more or less synchronic, technically inspired move US, EMU and UK bond markets reversed most of Friday’s rally. Eco data were few and mostly second tier. Marginally softer-than-expected US new homes sales (-0,3% M/M) had little impact on trading. Fed speakers covered the full spectrum of intra-FOMC views. Fed’s Goolsbee supports the […]
16/10/2024

EURJPY Wave Analysis

EURJPY reversed from the resistance zone Likely to fall to support level 160.90 EURJPY currency pair recently reversed down from the resistance zone located between the key resistance level 163.00 (which has been reversing the price from the end of September), the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse […]