Blogs

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-china-6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>China’s Sha

<p><img width="612" height="344" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-eur212.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content

<p>Thursday in Asia will bring data from Japan at 2350 GMT, which is 1850 US Eastern time. I don't expect it'll move the yen around too much, the only data that is of some relevance right now seems to be inflation indications. And overriding it all is any news of Bank of Japan movement towards, […]

<p>The major European indices have gotten off to a modest positive start in the shortened holiday week of trading. Most of the indices were closed yesterday and also on Monday.</p><p>Snapshot of the closing levels shows:</p><ul><li>German DAX, +0.21%</li><li>France CAC, +0.04%</li><li>UK F

<p>The EURUSD is running higher as USD sellers exert their pressure after the weaker Richmond Fed regional index.</p><p> The EURUSD price action has now moved within a swing area between 1.1095 and 1.11346. It would take a move above that area to increase bullish bias. The next target would come at the March 2022 high […]

<p>Gold is on track for an all-time closing high today. It's up $11 to $2077. That would surpass the all-time closing high of $2071 set on December 1.</p><p>Also notable is that on December 4, gold briefly went super-nova in a sharp rally up to $2135 at the open in Asia before being hit by heavy […]

<ul><li>Services sector outlook -8.7 vs -11.6 prior</li><li>Revenue +4.3 vs -2.4 prior</li><li>Employment +4.2 vs +5.7 prior</li><li>Wages +16.4 vs +16.8 prior</li><li>Company outlook -0.7 vs -8.1 prior</li></ul><p>Selected comments:</p><ul><li>The elect

<p>The euro has passed the 1.1000 test. It has been flirting with that level throughout December but stalled out near 1.1017 several times before finally edging above this week.</p><p>Given the time of year, it's tough to declare a breakout but today's price action is tough to argue against. The US dollar is broadly weak

<p>The US 10-year yield is trading at 3.844% currently. That is down 4.0 basis points on the day. The decline today is moving the yield below the closing level from the end of 2022 at 3.886%. The last five trading days have been trading above and below that level. Today is making a run lower.</p><p>The […]

<ul><li>Richmond Fed composite manufacturing index -11 vs -5 prior</li><li>New orders -14 vs -5 last month</li><li>Services index 0 versus +1 last month</li><li>Shipments -17 versus -8 last month</li><li>Employment -1 versus 0 last month</li><li>Wages +22 vs +25 prior</li>