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Markets A minor downward surprise in the December US inflation report triggered an outsized market rally. It’s testament to current stretched market positioning rather than to really softening price pressure. US money markets arrived at the point where adding to the recent calibration would mean betting on a rate hike as a next Fed move […]

The post Sunset Market Commentary appeared first on Action Forex.

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26/12/2023

USD/JPY Yawns after BoJ CPI Slips

BOJ Core CPI falls to 2.5% BoJ’s Ueda hints at possible shift in policy The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%. BoJ Core CPI drops more than anticipated Japanese inflation indicators have been heading lower. Last week, Core CPI, which excludes fresh […]
26/08/2024

EUR/USD Exchange Rate Has Risen to 1.12 Level

During his speech at Jackson Hole, as reported by Reuters, the Fed Chair unexpectedly focused heavily on the US labour market. Powell stated that weaker employment prospects are unacceptable. As a result of this emphasis, market expectations for a rate cut in September decreased, and the value of the US dollar increased: → On Monday […]
17/10/2024

Crypto Market Stabilises at the Top

Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring the local highs of late September, while Bitcoin continues to climb. The pause in overall growth has led to a 2-point dip in the Cryptocurrency Market Sentiment Index, now at 71—still reflecting a high level of greed. Bitcoin is currently […]