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Here we are, on the last trading day of the year. This year was completely different than what was expected. We were expecting the US to enter recession, but the US printed around 5% growth in Q3. We were expecting the Chinese post-Covid reopening to boost Chinese growth and fuel global inflation, but a year […]

The post The Finish Line appeared first on Action Forex.

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AUD/USD and NZD/USD Regain Strength

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16/07/2024

GBP/USD Faces Challenges in Breaking Through Key 1.3000 Level

GBP/USD struggles to break above the 1.3000 level despite softer US data and a dovish comment from Fed Chair Powell. UK inflation data will be crucial in determining whether GBP/USD can break above 1.3000. Technical analysis suggests GBP/USD may struggle to break above 1.3000 due to option barriers and overbought RSI. Cable is hovering just […]
10/07/2024

Weak Inflation in China Clears the Way for Global Easing

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the past 20 months since October 2022. China is once again spreading deflation around the world, […]
09/09/2024

Crypto: Hope for a Bottom

Market Picture The crypto market is trying to stabilise around the $1.94 trillion mark for the third day (+0.8% in 24 hours and -4% in 7 days) after Friday’s sharp sell-off. It will soon be apparent whether support at the $2 trillion level has turned into resistance. Bitcoin is trading just below $55K on Monday […]