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The US is poised for a record shutdown. Weak PMI data halted the dollar. Rumours of intervention strengthened the yen. Slowing inflation weakened the franc. The US dollar remained resilient despite a shutdown and was not deterred by disappointing statistics. The government shutdown is set to become the longest in history. The Polymarket and Kalshi […]

The post Euro Holds on by a Thread appeared first on Action Forex.

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Sunset Market Commentary

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28/05/2025

Sunset Market Commentary

Markets ECB’s Lagarde made a strong case yesterday when promoting a bigger, international role for the euro while that of the US dollar is gradually waning. Her long-term call needs to see the remaining stumbling blocks resolved first, including fragmented capital markets. It also means the short-term impact of an otherwise interesting speech is limited. […]
27/02/2024

Bitcoin – Bulls Taking a Breather for Consolidation/Limited Correction

Bitcoin eases on Monday, shifting focus towards the floor of near-term consolidation range (50500) established after larger bulls started to run out of steam and left fresh multi-month peak at 53017 (Feb 20). Early signal of an uptrend’s stall and subsequent correction has been generated from daily RSI bearish divergence and strongly overbought weekly studies. […]
04/06/2024

Japanese Yen Strengthens Unexpectedly Against US Dollar

The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33. Japanese Finance Minister Shunichi Suzuki highlighted the government’s recent interventions to support the yen, significantly impacting the market. Official data reveals that throughout April, Japan spent approximately 9.79 trillion yen (62.2 billion USD) on efforts to […]