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Markets The hastily arranged summit in Paris by French president Macron stood in the center of attention today. Last week’s string of events, involving US president Trump, his Defense Secretary Hegseth and VP Vance, created a sense of urgency. Both the EU and Ukraine want a say in the talks for a ceasefire and as […]

The post Sunset Market Commentary appeared first on Action Forex.

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09/10/2024

Oil’s Short-Term Risks Remain Tilted to the Upside

Chinese authorities think that the country could achieve its 5% growth target with the stimulus measures that have already been announced, but investors not much so. On the contrary, the investor community was expecting that the government would announce a fiscal package of as much as 3 trillion yuan to complement the latest monetary measures […]
13/06/2024

Bank of Japan (BoJ) Preview: Potential Cut in Bond Buying to Aid Ailing Yen?

Hawkish FOMC adds further pressure on the BoJ as USD/JPY advances. Speculation builds that the BoJ will announce a more comprehensive cut to its bond buying programme. Fundamental Overview: FOMC Recap and BoJ Outlook The Japanese continued its slide this morning as USD/JPY edged higher toward the 160.00 psychological level. A brief respite yesterday for […]
20/03/2024

Correction in Crypto Markets: BTC/USD Rate Drops to $60,000

On March 18, we wrote that bears became more active near the $70,000 level. As the BTC/USD chart shows, today the price of Bitcoin is already close to the psychological level of USD 60k, while the price of Ethereum is close to USD 3,000. According to MarketWatch, experts consider the decline to be a correction […]