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On Sunday I came back from a week-long visit to China. And what a week it was. As the days passed, tariffs went higher and higher, stock markets tanked, recovered, then dropped and then recovered again. Not totally surprising, Trump blinked and hit the pause button on tariffs on all countries except China, but even by […]

The post Postcard from China – 10 Key Takeaways from Trip to China 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. […]
01/07/2024

June ISM: Activity Still Soft, but Prices Cooling

Summary Manufacturing activity remained in contraction territory in June, but in a sign of moderating inflation pressure, the prices paid component fell 4.9 points. New orders rose more than any other component but remains in contraction. Prices Cool The ISM manufacturing index slipped to 48.5 in May as tight credit conditions and elevated borrowing costs […]
07/03/2024

All Eyes on the ECB

In focus today The Governing Council of the ECB is meeting today. Besides the regular rate announcement, we will also get updated staff projections. The new projections are likely to show inflation for 2025 revised down to 2%. Whereas neither the revised projections nor Lagarde are likely to close the door to a rate cut […]