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So we’re in June. The month of May ended with a whopping 6% advance for the S&P500, defying the ‘Sell in May and Go Away’ adage on Wall Street that points to a generally unfavourable seasonal trend for the month. But the S&P500’s performance is hiding a few issues on the US debt and global […]

The post Rising Trade, Geopolitical Tensions Weigh on Risk Appetite appeared first on Action Forex.

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01/11/2024

Bitcoin Price Falls Short of Record High, Drops Below $70k

The BTC/USD chart shows the following: → Bitcoin’s all-time high is around $73,750 per coin, set on March 14, 2024, amid peak investor interest after the SEC approved a Bitcoin ETF on January 11. → This autumn, Bitcoin’s price is exhibiting positive momentum, partly fueled by the potential for Donald Trump to win the U.S. […]
16/03/2024

BoJ Hike in Sight – But No Reason to Rush

The inflation target has been met for 22 consecutive months. Price pressures consistently rhymes with 2% annual inflation but the sustainability of that depends on wage increases. We think the BoJ is almost ready to hike the interest rate to zero and dismantle yield curve control. However, we see no reason to rush and expect […]
20/03/2024

Fed Risks Tilted Towards Hawkish Surprise

Markets We can’t but start with the Japanese yen again. Including this morning’s price action, USD/JPY (151.57) is an inch away from the 2022 multi-decade yen lows (at 151.95). EUR/JPY (164.68) already surpassed the 2023 high to trade at the strongest level since 2008. The cautious exit by the BoJ from ultra-easy monetary policy completely […]