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US and China agree to lower tariffs for 90 days as tensions take toll. But what are the prospects for a permanent deal? Markets are unsure if this is a true turning point. Boiling point The trade war between the United States and the rest of the world reached a boiling point in April after […]

The post US-China Trade Truce: A Genuine Breakthrough or a False Hope? appeared first on Action Forex.

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17/09/2024

USD/JPY Rebounds After US Retail Sales Beats Estimate

The Japanese yen is down sharply on Tuesday. USD/JPY is up 0.73% today, trading at 141.64 in the North American session at the time of writing. On Monday, the yen pushed below 140 per dollar for the first time since July 2023. The yen has looked razor sharp, gaining 2.9% in the month of September […]
15/10/2024

Sunset Market Commentary

Markets The release of labour market data kicked off a triptych of key UK data that should help clarify whether the time is right for the BoE to move to a ‘more activist approach’ when it comes to reducing policy restriction. The employment report didn’t change (money) markets’ positioning in any profound way (> 90% […]
18/11/2024

NZDUSD Bears Try to Escape a Range

NZDUSD has been trading sideways for more than a year Bears try to push below the key support of 0.5855 RSI and MACD detect bearish momentum For the outlook to brighten, a move above 0.6220 may be needed NZDUSD has been falling since September 30, when it hit resistance near the 0.6370 zone, which stopped […]