Logo-color Logo-white

Markets ECB’s Stournaras this morning hijacked the headlines. The Greek governor said rates need to be cut soon: twice before the summer break (in August) and twice before the end of the year. He expects the first one to happen in June. Dutch hawk Knot sided with his Greek colleague insofar he is penciling in […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

WTI: Oil Prices Continue to Rise on Brighter Demand Outlook

next

ETHUSD Trades Flat in Dencun Upgrade Aftermath

Read More

08/07/2024

GBP/USD Price Outlook: Cable Holds the High Ground, Multi-Month Resistance Up Ahead

GBP/USD is facing a key multi-month resistance level at 1.2850 after a positive run. The outcome of US inflation data and Fed Chair Powell’s testimony could significantly impact the GBP/USD exchange rate. A break above 1.2850 might require a catalyst, like a substantial drop in US inflation, while support levels are identified at 1.2750 and […]
03/09/2024

September Caution

The new week started with caution. The US and Canada were off, and news from Europe weren’t exceptional. The data released on Monday showed that the manufacturing PMI figures for August were slightly higher than expected, but numbers in major Eurozone countries remained below 50, in the contraction zone for another month. The German manufacturing […]
04/01/2024

Gold Wave Analysis

Gold reversed from resistance level 2075.00 Likely to fall to support level 2016.00 Gold recently reversed down from the strong multi-month resistance level 2075.00 (which also stopped the earlier uptrend in March of 2023, as can be seen below). The downward reversal from the resistance level 2075.00 stopped the earlier minor impulse wave iii. Given […]