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US Retail Sales and the inflation data came in higher than expected last week, and the Federal Reserve (Fed) Chair Jerome Powell said that the US economy is strong enough and that there is no urge for rushing to rate cuts. The US 2-year yield consolidated between the 4.30 and 4.40% level, the 10-year yield […]

The post Let’s Take a Break from Politics appeared first on Action Forex.

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Heavy Euro Area Data Release This Week

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GBP/USD Nosedives While USD/CAD Regains Strength

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04/04/2024

BTCUSD Pauses Pullback But Still Under Pressure

BTCUSD halts its retreat and recoups some losses But momentum indicators remain tilted to the downside BTCUSD (Bitcoin) experienced a strong pullback following its repeated inability to conquer the 71,750 hurdle. Although the price seems to be finding its footing in the last couple of sessions supported by a short-term ascending trendline, near-term risks remain tilted to […]
27/06/2024

Is France Headed for Political Stalemate and How Bad is this for Euro?

Far-right National Rally party maintains lead ahead of June 30 first round of votes But can it secure an absolute majority as left-wing alliance makes progress? A hung parliament might be the worst outcome for the euro France in political turmoil President Macron’s decision to call a snap legislative vote hot on the heels of […]
14/05/2024

Platinum Wave Analysis

Platinum reversed from resistance level 1010.00 Likely to fall to support level 990.00 Platinum just reversed down from the major resistance level 1010.00, which has been reversing the price from the end of December. The resistance level 1010.00 stands well above the upper daily Bollinger Band – increasing the possibility of the sharp correction in […]