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Markets Despite plenty of (geopolitical) headlines (call between Trump and Putin; debate/rumors on the structure of US reciprocal tariffs after April 2) there was no unequivocal theme to guide global markets. If anything, European and Asian risk sentiment remains constructive compared to a deteriorating sentiment on US markets. After rebounding yesterday, US equities again incur […]

The post Sunset Market Commentary appeared first on Action Forex.

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11/03/2024

Gold Marches to Consecutive All-Time Highs

Gold advances sharply after claiming 50-day SMA Generates consecutive record highs in recent sessions Momentum indicators flag overbought conditions Gold has been in a steep uptrend following its profound break above the 50-day simple moving average (SMA), posting a barrage of fresh all-time highs in the past few sessions. However, traders should not rule out a pullback […]
06/09/2024

USD/JPY – Yen Extends Rally Ahead of US Jobs Data

The Japanese yen has posted strong gains on Friday. In the European session, USD/JPY is trading at 142.76 at the time of writing, down 0.47% on the day. The yen is on a tear and is up 2.3% against the greenback this week. Japan’s household spending misses expectations Japan’s economy is showing signs of recovery […]
27/11/2024

EUR/USD Attempts Recovery While USD/JPY Dips

EUR/USD is recovering losses from the 1.0335 zone. USD/JPY is declining and showing bearish signs below the 154.00 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro struggled to start a fresh increase and declined below the 1.0500 zone. There is a key contracting triangle forming with resistance at 1.0500 on the hourly […]