Last week’s optimism on a reopening of the Strait of Hormuz faded this week as…
analysis
ECB Preview: And So, The Hiking Begins
We expect the ECB to hike the deposit rate by 25bp to 2.25% on Thursday…
The Pound: Heading Towards 1.31 or 1.37?
Conflicting drivers are preventing GBPUSD from finding a clear direction. The Bank of England is…
Sunset Market Commentary – ActionForex
Markets Chipmaker Broadcom’s after-market earnings results sapped sentiment to some extent. A weaker-than-expected sales outlook…
Chart Alert: Dow Jones (DJIA) Under Pressure, Medium-Term Uptrend at Risk
Key takeaways The Dow Jones Industrial Average is showing increasing signs of relative weakness, underperforming…
Crypto Market Continues to Plummet
Market Overview The crypto market capitalisation has lost a further 3.5% over the past 24…
Gold Remains Under Pressure, but a Rebound Is Still Possible
Gold prices rose to 4,472 USD per troy ounce on Thursday. Despite the modest rebound,…
Euro and Sterling Weaken as the Dollar Strengthens Ahead of Key US Data
The US dollar continues to hold firm against its major counterparts, supported by strong US…
Middle East Tensions Drive Oil Higher as S&P 500 Snaps Winning Streak
Key takeaways Renewed clashes between the U.S. and Iran involving Kuwait and Bahrain reignited geopolitical…
Sunrise Market Commentary – ActionForex
Markets US economic data for a third day straight surprised to the upside. Starting Monday…
More US Jobs Data to Fuel Fed Hike Speculation
In focus today and Friday In the US, the May Challenger Report for layoff announcements…
Ethereum Joins Bitcoin In A Brutal Selloff Across Crypto
Key Highlights Ethereum failed to stay above $2,000 and declined heavily. A bearish trend line…
DAX Index Wave Analysis – ActionForex
DAX: ⬇️ Sell DAX reversed from multi-month resistance level 25395.00 Likely to fall to support…
NZDCAD Wave Analysis – ActionForex
NZDCAD: ⬇️ Sell NZDCAD reversed from resistance area Likely to fall to support level 0.8100…
USDJPY Cracks 160 Barrier, Traders Cautious of Potential Intervention
USDJPY hit important 160 resistance but stays below this level for the second consecutive day,…
Sunset Market Commentary – ActionForex
Markets A corresponding rise in the oil price, bond yields and the dollar & softer…
Forex Market Sceptical About a Swift Deal
Geopolitics continues to support the US dollar. Japan is ready to resume currency interventions. The…
Crypto Market Falling, Approaching a Final Sell-off
Market Overview The crypto market has lost a further 5% over the past 24 hours,…
Chart Alert: Bitcoin (BTC/USD) Potential Near-Term Bullish Reversal Emerging from the Sub-$70K Plunge
Key takeaways Bitcoin plunged 16% over the past two weeks and briefly fell below the…
EUR/USD on Edge as Markets Await Key Employment Data
EUR/USD remained under pressure on Wednesday, holding at 1.1629. The US dollar continues to draw…
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