Logo-color Logo-white

Markets This week was amassed with high profile political and monetary event risk potentially providing one (or more) gamechangers for global trading. A congestion of central bank decisions including the Fed, the Bank of England and a long list of smaller central banks, were supposed to give some guidance on where they position themselves on […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Canada’s labour market remains solid in October

next

Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus

Read More

18/03/2024

Sunset Market Commentary

Markets US Treasuries hold near last week’s sell-off lows in an uneventful trading session awaiting major central bank decisions. US yield currently trade up to 1.5 bps higher across the curve with both the US 2-yr and 10-yr yield testing the YTD highs at 4.74% and at 4.34%. German Bunds face some similar minor selling […]
14/11/2024

GBP/USD Outlook: Steep Post-US Election Bear Leg Extends Below 1.2700

Cable continues to trend lower, riding on the wave of so-called Trump trades, as dollar rose significantly on post-election euphoria. Steep bear leg extends into fifth consecutive day and hit new multi-week low, coming close to target at 1.2664 (Aug 8 low) guarding 1.2612 (June 27 low) on renewed probe through 1.2700 support, after bears […]
03/07/2024

Crypto Stays Under Pressure

Market picture The pressure on the crypto has been more sustained than on the stocks. Over the past 24 hours, the total crypto cap has fallen by 2.6%, with most of the downward momentum starting in the US session. The stock market, on the other hand, was supported by Powell’s comments and closed at all-time […]