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EURUSD – Repeated Probe Through Pivotal Supports Adds to Negative Near-term Bias
<p><img width="612" height="350" src="https://www.actionforex.com/wp-content/uploads/2022/03/f-eur205.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploa
Bitcoin – Recovery Faces Increased Headwinds at Key Resistance Zone
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Euro Weakens on Prospects of Early ECB Rate Cut
<p><img width="612" height="476" src="https://www.actionforex.com/wp-content/uploads/2018/10/f-eur102.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content
ECB's de Guindos: Inflation risks are to the downside
<ul><li>Latest bank lending survey shows certain stabilization</li><li>I think the disinflation process can continue</li><li>China doesn't worry US due to financial contagion but through indirect impact on growth</li></ul><p>The euro continues to hang around the lows of the year.</p>
Negotiators from Israel, US, Egypt and Qatar have agreed on framework for hostage release
<p>Negotiators from Israel, US, Egypt, and Qatar have agreed on a framework for the release of remaining American and Israeli hostages.</p><p>Meanwhile, the USD Defense Secretary Austin is on the wires saying:</p><ul><li>Expresses sorrow, outrage over the deaths of US troops in Jordan drone attack (tribute to Ira
US stocks little changed in early US trading
<p>The major US stock indices are trading little changed to start the new trading week. Last week the major indices all closed higher for the week. The snapshot of the current market shows</p><ul><li>Dow Industrial Average up 29.14 points or 0.07% at 38136.27</li><li>S&P index up 3.09 points or 0.06% at 4
Weekly survey of Australian Consumer Confidence 82.5 (prior 83.4)
<p>The short term moving average of this is around its highest in 11 months. </p><p>The weekly consumer inflation expectation number from the survey dropped marginally to 5.1% (prior 5.2%).</p><p>Data is not a market mover. </p> This article was written by Eamonn Sheridan at www.forexlive.com.
JP Morgan analyst Kolanovic says equity valuations are expensive, bad data risk ahead
<p>This is a somewhat familiar refrain from JPMorgan analyst Marko Kolanovic. Its difficult to argue that he is wrong, but buyers of equities don't care. </p><p>Goldman Sachs, for example:</p><ul><li>this has been one of the most powerful short-cycle rallies we’ve ever seen</li><li>the 19% rip in
Forexlive Americas FX news wrap 29 Jan:US Treasury lower borrowing needs kickstart markets
<ul><li><a href="https://www.forexlive.com/news/new-record-closes-for-the-dow-and-the-sp-indices-20240129/">New record closes for the Dow and the S&P indices.</a></li><li><a href="https://www.forexlive.com/technical-analysis/the-treasury-borrowing-announcment-kickstarts-stock-and-bond-bu