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Markets European stocks hesitated yesterday to join Wall Street up to 2% higher but they catch a nice bid today. Equities in the region rise around 1% in what is otherwise a news-poor trading day. With the April 2 “Liberation Day” date approaching fast there’s an apparent increase in articles diving deeper in what US […]

The post Sunset Market Commentary appeared first on Action Forex.

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30/01/2024

WTI Wave Analysis

WTI crude oil reversed from resistance level 79.15 Likely to fall to support level 75.00 WTI crude oil recently reversed down from the key resistance level 79.15, which has been reversing the price from November, as can be seen below. The resistance level 79.15 was strengthened by the upper daily Bollinger Band and by the […]
29/10/2024

Sunset Market Commentary

Markets The busy eco calendar kicked off today with US JOLTS job openings and consumer confidence. The former missed the bar. The August reading was revised down from 8.04mln to 7.86mln and job vacancies came down further in September to 7.44mn, way off the 8mn mark. It was the lowest reading since early 2021 and […]
20/08/2024

Dollar on the Edge

The US dollar has fallen to its lowest levels of the year, losing more than 2.3% from its August peak and around 4% since early July as expectations of a Fed rate cut in September began to be priced in. The dollar index has retreated to 101.7, reflecting growing expectations of Fed easing. Although the […]