Logo-color Logo-white

Markets Taking aside corporate news (Volkswagen, Boeing), this morning’s headlines still feature on news terminals. Brent crude fell from $76/b to $72/b after Israel shunned Iranian crude facilities with this weekend’s retaliatory strikes. JPY managed to erase part of the losses following snap parliamentary election results which terminated 15-years of LDP dominance as voters cut […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Oil Nears to September Lows; May Crash to $30

next

Silver Wave Analysis

Read More

02/04/2024

Dollar Strengthens Following Positive Manufacturing Data

The EUR/USD pair has dipped to its lowest since 15 February this year following the release of encouraging data regarding the US manufacturing sector’s activity on Monday. This improvement, the first since September 2022, has bolstered the US dollar’s position. The Institute for Supply Management (ISM) reported that the manufacturing business activity index climbed to […]
10/07/2024

Crypto Market Looks to Return to Growth

Market Picture According to the sentiment index, the cryptocurrency market remains in a state of fear at 28. Still, market capitalisation rose for the second day in a row as lower prices attracted buyers. Capitalisation rose 1.9% to $2.16 trillion, surpassing previous local highs, which is promising. Bitcoin gained 3.2% in 24 hours as it […]
03/06/2024

EURUSD Neutral in Short-Term But Still Bullish in Medium-Term

EURUSD rebounds off 1.0800 and 200-day SMA Trades within narrow range MACD and RSI lack direction EURUSD is currently moving sideways within a two-week consolidation area with upper boundary the 1.0895 resistance and lower boundary the 1.0800 round number. Looking at the momentum indicators, the RSI is lacking direction slightly above the neutral threshold of 50, suggesting that the […]