Logo-color Logo-white

Markets Some last-minute economic data including stronger-than-expected Q3 GDP and national inflation numbers (see below) ahead of the ECB policy meeting highlighted the logic of the outcome. The deposit rate was kept unchanged at 2% today. That unanimously decided status quo was based on the fact that inflation, including underlying gauges, remains close to the […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Sunset Market Commentary

next

EUR/JPY Bulls Charge Ahead on Dovish BoJ Meeting

Read More

24/05/2024

AUD/USD: Regains Traction After Losing Over 1% This Week

AUDUSD edges higher on Friday as traders collected part of profits from the drop in past four days. Today’s action marks the first gain this week, but the pair remains on track for a weekly loss of over 1% so far. Technical studies on daily chart are mixed and lack clearer direction signal, with lift […]
20/09/2024

USD/JPY Recovery Eyes Momentum: Will Gains Pick Up?

Key Highlights USD/JPY started a fresh increase above the 142.00 resistance. It cleared a major bearish trend line with resistance at 142.20 on the 4-hour chart. EUR/USD failed to extend gains above the 1.1120 resistance. Bitcoin climbed higher above the $61,200 and $62,000 resistance levels. USD/JPY Technical Analysis The US Dollar found support near the […]
19/09/2024

FOMC Starts Easing Cycle With a Bang

Summary The FOMC surprised some market participants today by reducing the target range for the federal funds rate by 50 bps. Concerns about the state of the labor market appear to have been the primary driver of the 50 bps move. But the FOMC signaled that it may not necessarily follow today’s 50 bps rate […]