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Markets Not often was the different trading direction between US and European assets that outspoken as yesterday. Key European stock markets closed more than 1% higher with the Dax (+2.64%) outperforming. Intraday gains were topped off by deteriorating risk sentiment in the US. First, a rebalancing away from US to Europe has been going on […]

The post Trump’s First Address Before US Congress a Risky Wildcard appeared first on Action Forex.

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02/09/2024

Sunset Market Commentary

Markets Trading slowed down to a trickle today in absence of US investors (Labour Day holiday) and amid an empty EMU eco calendar. A lot of ink has been spilled about this week’s key US eco data and their impact on markets and Fed policy. It allows us to have a look at this week’s […]
20/02/2025

EUR/JPY Technical: On the Verge of a Potential Bearish Breakdown After 6 Months of Consolidation

The recent Euro strength in the past week has fizzled out. The ongoing trend of the 2-year yield premium shrinkage between the 2-year German Bunds over Japanese Government Bonds reinforced further potential downside in EUR/JPY. Watch the 155.45 downside trigger level of the EUR/JPY. After a multi-month downtrend in the Euro Currency Index from the […]
04/12/2023

XAU/USD: Gold Hit New All-time High, Bullish Bias Above $2000

Gold spiked to new record high above $2100 in early Monday, in reaction to the comments from Fed Chair Powell on Friday, who said that current level of interest rates is sufficient to complete the task in putting inflation under control and pushing it towards 2% target. Although the job was not done yet and […]