ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.
Matured Altcoins Losing Strength
Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level for the past seven days.
ActionForexAustralian Dollar Higher, Wage Growth Dips Lower
The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing.
ActionForexStoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us
Every day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets show signs of improvement, consumers start to spend more, and investors buy stocks.
ActionForexScandi Inflation Expectations on Today's Menu
In Denmark, the government will publish an update on the budget for 2024. For more detail, please see our Fixed income morning comment.
ActionForexCrypto Market Shakes Off Consolidation
Bitcoin has broken out of its short-term triangle in one fell swoop, consolidating above its 50-day moving average and previous local highs. Yesterday may well have seen the end of the correction and the start of a new round of buying. It is worth being prepared for Bitcoin to meet a few obstacles on its way to $72K, although a renewal of historical highs is unlikely to be quiet.
ActionForexAustralian Dollar Surges After US Inflation Ease
The Australian dollar is lower on Thursday after surging 0.98% a day earlier. AUD/USD is currently trading at 0.6671, down 0.33% on the day.
ActionForexUSD/JPY Steady as Japanese Economy Contracts
The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session.
ActionForexEuro Edges Lower After ECB's Financial Stability Warning
The euro has posted slight losses on Thursday. EUR/USD is down 0.20%, trading at 1.0860 in the North American session at the time of writing.
ActionForexMorning Report
US equities finished lower, pulling back from a rally that briefly drove the Dow Jones to a record high. A number of hawkish Fed speakers suggested that the Fed is in no rush to cut interest rates. This saw US bond yields increase. The US dollar also advanced.
ActionForexRunning a Fine Line, With Scissors
Both the government and RBA are walking a fine line, but some budget decisions might not be as inflationary as they seem at first glance.
ActionForexRisk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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