Logo-color Logo-white

Markets US yields easily returned most of Wednesday’s rise incurred after stronger than expected January CPI data. The move is telling on the current market positioning/assessment. The ‘correction’ started after and despite higher than expected US January PPI data. Markets apparently concluded that the bar is extremely high for the Fed to consider raising rates […]

The post Narket Reaction to Tariff Announcement Muted appeared first on Action Forex.

previous

The Flaw of Averages

next

EUR/USD Significantly Rises as Risks Diminish

Read More

03/05/2024

EUR/USD: Bulls Hold Grip and Pressure Pivotal Barriers, US Labor Data Eyed for Fresh Signals

The Euro keeps firm tone and extends gains into third consecutive day, pressuring key resistances at 1.0750 zone (50% retracement of 1.0885/1.0601 / daily Kijun-sen). Firm break here to generate fresh bullish signal for extension of the bull-leg from 1.0601 (Apr 16) where larger downtrend was contained by a double-Fibo support (38.2% of 0.9535/1.1275 / […]
09/07/2024

NZD Edges Lower Ahead of RBNZ Decision

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%. Reserve Bank expected to hold rates again The Reserve Bank of New Zealand is expected to […]
09/02/2024

Sunset Market Commentary

Markets Japanese stock markets and JPY still account for today’s biggest market move in a telling sign about current market momentum. The Nikkei closed slightly over 2% higher. USD/JPY sets a new YTD high at 149.40 with both the psychologic 150 mark and the 2022 (151.95) and 2023 (151.91) tops coming dangerously close. EUR/JPY escapes […]