Sunset Market Commentary

Markets EUR/USD weakness continues to prevail in the wake of the trade agreement with the US, be it in choppy trading. The common currency wiped out early losses in the European session only to stack them up again in early US dealings. A buy-the-rumour, sell-the-fact correction was nevertheless inbound after failing to move beyond the … Read more

EURUSD Selloff Deepens as Yearly Highs Fade from View

The Euro had been on a strong run this year, and only a few events could stop its uptrend in the first half of 2025. Between new infrastructure deals, unification behind the Ukrainian cause, and the constant mess-ups from the Trump Administration, EUR/USD had many reasons go higher. But Markets are forward-looking, and all these … Read more

Dow Jones Wave Analysis – Action Forex

Dow Jones: ⬇️ Sell Dow Jones reversed from the long-term resistance level 45000.00 Likely fall to support level 44000.00 Dow Jones index recently reversed down from the resistance zone between the long-term resistance level 45000.00 (which has been reversing the price from the end of 2024) and the upper daily Bollinger Band. The downward reversal … Read more

Nikkei 225 Wave Analysis – Action Forex

Nikkei 225: ⬇️ Sell Nikkei 225 reversed from the resistance zone Likely fall to support level 40000.00 Nikkei 225 index recently reversed from the resistance zone between the resistance levels 42000.00 (which started the sharp sell-off in 2024) and 41285.00. This resistance zone was further strengthened by the upper daily and the weekly Bollinger Bands. … Read more

EURGBP Wave Analysis – Action Forex

EURGBP: ⬇️ Sell  EURGBP reversed from the resistance zone  Likely fall to support level 0.8635 EURGBP currency pair recently reversed down from the resistance zone between the multi-month resistance level 0.8735 (which stopped sharp wave (A) in April) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese … Read more

Focus Shifts to ECB and Trump’s Fed Visit as Markets Cheer Trade Progress

Global risk appetite extended higher, with S&P 500 and NASDAQ both setting new record highs overnight. DOW also surged over 500 pts, driven by optimism following the US-Japan trade deal. In Asia, Japan’s Nikkei continued its charge, with current momentum suggesting a record high could be imminent. The breakthrough between Washington and Tokyo boosted hopes … Read more

Shifting ECB Cut Expectations Supports Euro; Trump Tones Down Powell Threat

Euro strengthened notably against Sterling and Swiss Franc as expectations for a September rate cut from the ECB began to fade. Some analysts now see October as a more likely timing, after President Christine Lagarde maintained an optimistic outlook during her post-decision press conference yesterday. Lagarde emphasized that June’s baseline forecasts remain valid, even amid … Read more