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Summary United States: Economic Data More Rice & Beans than Steak & Eggs Markets chewed on an array of economic data this week, and what was served was mostly gristle. A weak retail sales print suggests that consumers may finally be feeling some spending fatigue. Markets also received a three-course housing market update which painted […]

The post Weekly Economic & Financial Commentary: Global Central Bank Decisions Galore appeared first on Action Forex.

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S&P 500 & Nasdaq 100 Week Ahead: Is It Time for a Deeper Retracement as US Investors Shed Equity Funds…?

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14/03/2024

Sunset Market Commentary

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 […]
26/08/2024

USD/JPY Tops Again and Bears Could Aim For Another Drop

Key Highlights USD/JPY struggled to continue higher above the 150.00 resistance zone. A major bearish trend line is forming with resistance at 145.60 on the 4-hour chart. Oil prices are consolidating losses near the $75.00 level. EUR/USD is showing bullish signs above the 1.1120 level. USD/JPY Technical Analysis The US Dollar started a recovery wave […]
22/08/2024

Euro Edges Lower on Mixed Eurozone PMI

The euro is steady on Thursday. In the European session, EUR/USD is trading at 1.1136 at the time of writing, down 0.11% on the day. Eurozone services accelerates, manufacturing dips down There was mixed news from the eurozone PMIs, which provide a monthly report card for the services and manufacturing sectors. The services PMI climbed […]