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Markets US President Trump on Wednesday announcing a pause in the roll-out of reciprocal tariffs beyond the 10% base rate (expect for China) apparently wasn’t the game changer and confidence reset that the government hoped for. Yesterday’s price action indicated instead investors took it as an opportunity to sell America on up-ticks. US equities fell […]

The post We Don’t fight the Sell America Trade, Not in Treasuries and Not in Dollar. appeared first on Action Forex.

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GBP/USD Peaks Above 1.3000 on UK GDP Beat, DXY Breaks Psychological 100.00 Barrier

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24/01/2025

GBPUSD Lifted by Strong Data, But More Work at the Upside Needed to Verify Positive Signal

Cable rose further on Friday, following better than expected UK PMI data, while the near term action remains underpinned by weaker dollar. Fresh strength cracked daily Kijun-sen (1.2414) and approached next barrier at 1.2455 (50% retracement of 1.2811/1.2099 bear-leg) but started to face headwinds here. Potential risk of recovery stall is presented by overbought stochastic […]
19/12/2024

Fed Cuts by 25 bps, Signals Slower Pace in 2025

The Federal Reserve Open Market Committee (FOMC) cut the federal funds rate to the 4.25% to 4.50% range and announced it would continue its balance sheet runoff. The Fed maintained its language on growth and inflation, stating “economic activity has continued to expand at a solid pace”, that the “labor market conditions have generally eased” […]
05/03/2025

Crypto’s Unconvincing Rebound

Market Picture The crypto market has gained 4% in cap in 24 hours, but this looks more like a wild swing than the start of a recovery. The $2.87 trillion market remains below the long-term trend line of the 200-day moving average, near $3 trillion, and the initiative has shifted back to Bitcoin. Bitcoin’s share […]