Logo-color Logo-white

Summary United States: Data Came in Like a Butterball Anyone who has ever gobbled until they wobbled can tell you it can be challenging to digest too much at one time. In the financial world, you know it’s Thanksgiving when you get a full slate of economic data stuffed into one day. Nobody is relegated […]

The post Weekly Economic & Financial Commentary: And So It Begins appeared first on Action Forex.

previous

Sunset Market Commentary

next

First Impressions: NZ Business Confidence

Read More

16/02/2024

USDCAD Wave Analysis

USDCAD reversed from resistance level 1.3530 Likely to fall to support level 1.3400 USDCAD currency pair recently reversed down from the key resistance level 1.3530 (which has been reversing the price from the middle of January), intersecting with the upper daily Bollinger Band and the 50% Fibonacci correction of the downward ABC correction (2) from […]
17/09/2024

Fear Does Not Leave the Crypto Market

Market Picture The crypto market capitalisation remained at $2.04 trillion, the same as the previous day, although it fell to $2.01 trillion during the day before rebounding on Tuesday morning. The Cryptocurrency Sentiment Index returned to the fear zone after briefly rising to neutral levels on Saturday and Sunday. Bitcoin is trading at $58.6K, having […]
10/01/2024

Is NZDUSD on the Brink of Another Decent Move?

NZDUSD continues to trade sideways It is almost at the midpoint of its 2023 rectangle Momentum indicators are in waiting mode NZDUSD is in the green today but it continues to range-trade. Market participants appear to be in waiting mode with the bears trying to engineer another correction in order to recoup part of the […]