South Korea: Modest tightening prospects – DBS
DBS Group Research economist Ma Tieying expects the Bank of Korea (BoK) to keep its base rate at 2.50% at the May 28 meeting, but now projects a single 25…
USDCAD holds support. Bouncing higher. Can the buyers keep the momentum going?
The USDCAD is pushing higher in early North American trading after buyers successfully defended a key technical support zone during the European session correction. Earlier in the day, the pair…
US crude oil futures settle at $94.81
Crude oil is settling at $94.81, down $0.27 or -0.28% on the day, after another volatile trading session driven by geopolitical headlines and shifting risk sentiment. Technically, the market is…
EURUSD/GBPUSD move off highs. Oil retracing declines. Yields now higher.
Both the EURUSD and GBPUSD are giving back earlier gains as broader market sentiment turns more cautious. The EURUSD is still modestly higher on the day by 0.08%, while the…
Crude oil moving off of low levels and back toward the next target at the $95 area
The price of crude oil is rebounding off session lows near $89.85 after finding support above yesterday’s low around $88.70. That defense of the prior day’s low helped stabilize the…
Oil: Brent Oil Continues to Trend Lower on Growing Optimism over Peace Talks
Brent oil remains firmly in red and extends weakness on Thursday after falling 10% on Wednesday and ending day with 5.5% loss. Growing hopes for a US-Iran peace deal provided…
AUDUSD buyers remain in control technically but resistance at 2022 swing area looms
The AUDUSD broke sharply higher yesterday, extending above the April and May swing highs between 0.7221 and 0.7227 — a bullish technical breakout that shifted momentum further in favor of…
Fed’s Hammack: Fed should be neutral in policy stance
Beth Hammack, President of the Federal Reserve (Fed) Bank of Cleveland, in an interview on a public radio station on Thursday. She claimed that she sees a lot of uncertainty…
Sunset Market Commentary – ActionForex
Markets Markets today basically do what they got used to during the previous two months: waiting for the next batch of news headlines on the war between the US and…
USDCHF breaks below key support as sellers take control
The USDCHF is pushing to fresh session lows in early North American trading and is now trading at its lowest level since March 11. The latest leg lower has taken…
