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Markets Strike three. Some dismissed the hotter-than-expected inflation prints in January and February as statistical flukes that would soon be reversed. March delivered another nasty upside surprise. Headline CPI rose from 3.2% to 3.5% vs 3.4% expected while the underlying gauge defied hopes for the tiniest of declines by stabilizing at 3.8%. Low base effects […]

The post Sunset Market Commentary appeared first on Action Forex.

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21/12/2023

BTC/USD: News Reports Encourage Bulls to Attack the $44k Level

Optimism associated with the SEC regulator’s approval of applications to launch BTC-ETF is the main driver of Bitcoin price growth. Coindesk reports that representatives from BlackRock, Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in a month to discuss rule changes required for the listing of an exchange-traded BTC-ETF. And […]
18/12/2024

USD/JPY Outlook: Dollar Remains Well Supported by Wide Gap Between Fed and BoJ Monetary Policies

USDJPY remains steady, though at narrower range on Wednesday, awaiting the FOMC verdict later today. Tuesday’s dip from new three-week high, which interrupted a six-day rally, is likely to be short-lived, as the dollar remains well supported and yen under pressure on wide gap between Fed and BoJ monetary policies. Fed is expected to deliver […]
09/07/2024

Crypto Bargain-Hunters Are Back

Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before we can say that the bear attack has been […]