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Last week was marked by an improved sentiment in the US, but not so much in Europe. The US equities had a strong week: the S&P 500 rallied 1.68% over the week, Nasdaq 100 gained 1.87% – and that despite Nvidia that finally closed the week flat as the earnings disappointment kicked in with a […]

The post European Equities are Cheap appeared first on Action Forex.

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Weak Euro Area PMIs Raise Concerns Over Growth Outlook

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23/04/2024

Sunset Market Commentary

Markets EMU PMI’s confirmed the economy is gradually leaving contraction/stagnation territory that reigned in in the second half of last year and during the first months of 2024. The composite output index rose from 50.3 in March to 51.4 in April, the second consecutive reading >50 after 9 months in contraction territory and the best […]
17/10/2024

Sunset Market Commentary

Markets The ECB’s unanimous back-to-back rate cut brought the deposit rate to 3.25% today. This third rate reduction came earlier than analysts and the ECB itself expected in the days after the September 12 policy meeting. “The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also […]
15/12/2023

USDCAD Plummets Below Crucial Trendline

USDCAD posts a fresh 2½-month low in today’s session Decline shows no signs of easing after break below 200-day SMA Momentum indicators are pointing at an overstretched retreat USDCAD has been constantly losing ground following its 13-month high of 1.3898 on November 11. Moreover, the pair dropped to its lowest levels in more than two months on […]