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Markets The week started off with some Bund underperformance, both vs US Treasuries and UK gilts. With the front end adding up to 7 bps, European money markets are slightly paring bets on ECB rate cuts. The terminal rate in the recent repricing was brought down to less than 2%. Such a supportive monetary policy […]

The post Sunset Market Commentary appeared first on Action Forex.

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08/03/2024

WTI Oil Futures in Fierce Battle with 50.0% Fibo

WTI futures jump above the 200-day SMA But fail to conquer the 50.0% Fibonacci level Oscillators suggest intensifying positive momentum WTI oil futures (April delivery) have been staging a comeback after finding their feet at the 68.00 region in December. However, the recovery seems to have been on hold for the past few sessions as the […]
28/03/2024

Crude Oil Price Holds Gains and Eyes Fresh Rally

Key Highlights Crude oil bulls gained pace above the $80.00 resistance. A connecting bearish trend line is forming with resistance at $82.35 on the 4-hour chart. Gold prices consolidated gains above the $2,150 resistance zone. Bitcoin price faced heavy resistance near the $71,500 zone. Crude Oil Price Technical Analysis After forming a base above the […]
22/07/2024

Biden Leaving Election Races Dominates Headlines

Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session of the week. Major US and EMU equity indices lost slightly less than 1.0% (S&P 500 -0.71%, Eurostoxx 50 -0.88%). […]