Logo-color Logo-white

Last policy decisions of 2024 to shape market mood RBA, BoC, SNB and ECB are on the agenda US CPI report to be crucial too as Fed undecided RBA to hold rates, but will it turn less hawkish? The Reserve Bank of Australia will kick off the central bank bonanza next week, announcing its decision […]

The post Week Ahead – Central Bank Bonanza Begins, US CPI Eyed Too appeared first on Action Forex.

previous

Sunset Market Commentary

next

Weekly Economic & Financial Commentary: The Song Remains the Same

Read More

05/03/2024

Bitcoin Will Have to Settle Here

Market picture The cryptocurrency market hit new highs on Monday, reaching a capitalisation of $2.5 trillion. Profit-taking was evident at the start of the active trading session in Asia on Tuesday. But before this, the market lacked enthusiasm. Bitcoin peaked at $68,789, just $122 below its historical high. This is before the halving and before […]
11/09/2024

EURUSD Seems to Gave Found a Floor Above 1.1000

EURUSD is higher again today Momentum indicators confirm an upside recovery EURUSD found some footing around the 1.1015 support level and returned to the upside thereafter. The price failed to penetrate the 1.1000 psychological level where any rally higher may prove valuable to the market. The red Tenkan-sen however remains flat above the blue Kijun-sen […]
20/01/2024

Canada: November Retail Sales Surprise to the Downside, But Expect a Rebound in December

Retail sales declined by 0.2% month-on-month (m/m) in November, coming in weaker than Statistics Canada’s advance estimate for a flat reading. October’s print was revised slightly to +0.5% m/m from +0.7% m/m. Adjusted for inflation, the volume of retail sales reported a loss of 0.2% in November, reversing course from last month’s robust 1.0% m/m […]