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Today’s economic developments and market movements. Key themes: Higher yields and a firmer US dollar resumed on Friday ahead of a slew of key economic data this week and as the US election heads into its final full week of campaigning. Inflation, labour market and GDP data in the US and Europe will take centre stage, […]

The post Morning Report appeared first on Action Forex.

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07/02/2024

Bitcoin Price Eyes Fresh Rally Unless This Support Gives Way

Key Highlights Bitcoin price corrected lower and tested the $41,800 support. BTC is trading above a key bullish trend line with support at $42,400 on the 4-hour chart. The price could start a strong increase if it clears the $43,450 and $44,000 resistance levels. Ethereum is aiming for a fresh increase above the $2,440 resistance. […]
13/06/2024

US CPI Lower Than Expected, While FOMC Signals Only One Rate Cut in 2024

In focus today Today Norges Bank (NB) will publish the regional survey for Q2, where we expect that the respondents (corporates) will be somewhat more optimistic than in February. The aggregated production index for both the current (Q2) and the next quarter (Q3) will probably end up in the range of 0.2-0.3%, which will be […]
15/10/2024

EURJPY Posts Strong Fight With 163.45-164.00 Barrier

EURJPY looks neutral in short-term view 200-day SMA seems to be another real struggle for bulls MACD and stochastics weaken their momentum EURJPPY has been stuck within a tight range of 162.30 and 163.45, remaining in a broader sideways channel of 155.15-164.00. The pair has been consolidating over the last seven days and needs a […]