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US economy is still sizzling, outperforming other regions Several factors behind this strength, such as heavy public spending For US dollar to enjoy a massive rally, it may also need risk aversion Why is the US economy still so strong?  One of the most striking developments over the past year has been the extraordinary resilience […]

The post What’s Behind the US Economy’s Resilience? appeared first on Action Forex.

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29/11/2023

USDJPY Bears Face Their Most Crucial Test So Far

USDJPY continues its decent downtrend It now tests the support set by the 100-day SMA Momentum indicators support the current move USDJPY is again lower today, recording its fifth consecutive red candle for the first time since the July correction. It is now testing the support set by the 100-day simple moving average (SMA) and […]
26/01/2024

BTCUSD Pauses Selloff and Battles with 40,000

BTCUSD manages to halt its short-term decline But its rebound encounters resistance around 40,000 Momentum indicators still deep in their negative zones BTCUSD (Bitcoin) has experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, the short-term oscillators are still heavily tilted to the […]
02/02/2024

Sunset Market Commentary

Markets The Bank of England kept its policy rate unchanged at 5.25% in a 3-way split with two members (Mann & Haskel) preferring a 25 bps rate increase to 5.5% and one member (Dhingra) voting in favour to reduce it by 25 bps to 5%. That compares with consecutive 6-3 votes (3 in favour of […]