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Markets Day two of the ‘US liberation era‘ was much like day one. The global risk-off continued unabatedly as investors try to the make-up their mind on the multiple consequences/further fall-out from the US profoundly recalibrating the global framework on free trade by announcing reciprocal tariffs. Almost zero visibility on how this process will continue […]

The post Sunset Market Commentary appeared first on Action Forex.

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11/07/2024

EURUSD: Bearish Delivery For CPI?

On Wednesday, the EURUSD pair remained steady around 1.0820, confined within a narrow range as the US Dollar continued its subdued trend. Federal Reserve Chairman Jerome Powell’s testimony before Congress did little to provide clear market direction, despite his return to a hawkish stance on monetary policy. Market participants remain uncertain, as US economic indicators—growth, […]
21/03/2024

GBPUSD Trims FOMC Rally Amid a Busy Day

GBPUSD corrects lower after hitting resistance at 1.2800 Technical signals weaken, but key support levels are underneath GBPUSD rose exponentially in the aftermath of the FOMC policy meeting, but the ascending line drawn from the December 2023 low interrupted the rally near the 1.2800 level and forced a new bearish move on Thursday before the […]
05/11/2024

Crypto: Volatility Without Direction

Market picture The crypto market cap remained at $2.24 trillion, a recovery after the market hit a low point at the very end of trading on Monday at $2.19 trillion. We continue to view this pullback to the lows of the past three weeks as a correction after rallying ahead of the week’s most important […]