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.
Weekly Economic & Financial Commentary: International Central Banks Deliver Another Round of Rate Hikes
Summary United States: Light Data Week, Soft Landing? Beyond Chair Powell’s interview on Tuesday, it was a light week for economic news. The U.S. trade deficit widened to $67.4 billion at the end of last year, revolving consumer credit increased at its slowest pace since 2021 in December and year-ahead consumer inflation expectations jumped to […]
The Weekly Bottom Line: Holding the Line… For Now
U.S. Highlights Since last Friday’s blockbuster employment report, market pricing on the peak fed funds rate has firmed to 5.25%. This aligns to the FOMC’s December projections, though markets still foresee the Fed cutting rates later this year. At an event on Tuesday, Fed Chair Powell did not pushback against investors’ diverging view, nor was […]
Forex and Cryptocurrency Forecast
EUR/USD: The Fed’s Doves Have Turned into Hawks Again After the US Federal Reserve and ECB meetings, the DXY Dollar Index fell to a new 9-month low of 100.80 on February 02. This happened after the dovish hints of the head of the Fed, Jerome Powell, who, during a press conference following the meeting, admitted […]
All Eyes on US CPI this Week
Market movers today We start the week in a quiet fashion. The European Commission will release its new winter forecast and it will be interesting to see what they expect on the recession question and how fast inflation will slow down. Euro-area finance ministers also meet in Brussels to discuss energy markets and other topics. […]
What If US Inflation Didn't Ease as Much as Expected?
US equities recorded their worst week since the year started. Hawkish comments from many Federal Reserve (Fed) members hammers sentiment, as stress mounts before the much-important US CPI data due Tuesday. If US inflation hasn’t eased, or eased enough, or God forbid, ticked unexpectedly higher on yearly basis, we could rapidly see the post-NFP optimism, […]
Main Focus for Markets Remains on Tomorrow's US CPI Release
Markets On Friday, markets gradually moved further in the direction of central bankers holding rates higher, at least for a bit longer. We don’t draw any firm conclusion yet, but also the persistent trend of further inversion of the yield curve that dominated (US) interest rate markets of late at least took a breather. US […]
Yen Slides as Ueda Set to Lead BoJ
The Japanese yen has started the week with sharp losses. In the European session, USD/JPY is trading at 132.54, up 0.86%. Japan’s GDP expected to rebound There are high hopes for the Japanese economy, which is expected to climb by 2% in the fourth quarter, following a 0.8% decline in Q3. Japan reopened to tourists […]
Sunset Market Commentary
Markets Markets started off in good spirits. European equities add 0.75%, Wall Street opens 0.2% higher. There weren’t any data scheduled for release but the European Commission’s updated forecasts helped support sentiment. Brussels turned more upbeat on the European economy, predicting a narrow escape from a recession and growth this year of 0.9% vs 0.3% […]
Bracing for US CPI
Market movers today Today’s market highlight will be the US CPI print for January. We forecast core CPI at 0.4% m/m, which is on the upper end of consensus forecasts. An upside surprise to 0.5% m/m or above would mark a clear upturn in the broader underlying inflation pressures and could take EUR/USD another leg […]
US CPI Will Determine Whether the S&P 500 Deserves a Further Rally, or Not
Market bulls have endless optimism this year, it is amazing. Whether it is funded or not, is yet to be seen. Because the major market action happens against the Federal Reserve (Fed), and its claim that it will take the rates higher than 5% and keep it there and not cut it before the year […]
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