Logo-color Logo-white

Markets Odds this morning were for markets to take a slow start to the new trading week after last week’s sharp (divergent) repositioning on both sides of the Atlantic. Fed Chair Powell on Friday in a ‘last-minute’ assessment before the black-out period in the run-up to the March 19 Fed meeting, kept a wait-and-see-approach. Powell […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Gold Traders Weighting the Next Move

next

Will Gold Rally? XAU/USD Price Outlook Amidst Economic Uncertainty

Read More

08/03/2024

Will US CPI Data Come to Dollar’s Rescue?

Weak ISM PMIs and dovish Powell hurt the dollar Investors add to their June rate cut bets US CPI data the next test for the greenback The data is scheduled for Tuesday at 12:30 GMT After Powell’s testimony, investors see June cut a done deal There has been a notable repricing in market expectations with […]
13/02/2024

EUR/USD: Recovery Likely to Stall Under the Base of Thick Daily Cloud

Recovery leg from 1.0723 double bottom (Feb 5/6) started to face increased headwinds on approach to daily Tenkan-sen (1.0810), with the base of thick daily cloud (spanned between 1.0828 and 1.0969) laying just above and adding pressure. Initial signals of recovery stall are developing on daily chart as technical studies remain bearish (daily Tenkan / […]
03/09/2024

USD/JPY Price Forecast – USD Gains Despite Labor Day Liquidity

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed’s September rate decision and USD/JPY direction. Japanese economic indicators and seasonality may also influence USD/JPY’s trajectory. USD/JPY continued its advance on a thin liquidity Monday. The greenback is up around 0.57% against the JPY […]