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Markets The US dollar is losing interest rate support at stealth pace. Since the awful June service ISM (July 3), the US 2-yr yield fell from 4.75% to 4.45% currently. The US 10-yr yield slid from 4.45% to 4.2%, testing the downside of the downward trend channel. Decent payrolls failed to save the day while […]

The post Dollar Losing Interest Rate Support at Stealth Pace appeared first on Action Forex.

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30/11/2023

Canadian GDP declined in Q3

The pull-back in GDP in Q3 (-1.1% annualized) was substantially softer than expected, although following an upwardly revised 1.4% gain (previously -0.2%) in Q2. Still, the details of the Q3 data were soft – GDP would have declined a larger 3% in the quarter without a 7.3% jump in government spending. Business investment pulled back […]
19/03/2024

Crude Oil Price Reclaims $80, Can Bulls Push It To $85?

Key Highlights Crude oil bulls are eyeing an upside break above the $82.80 resistance. There was a break above a major bearish trend line with resistance at $79.45 on the 4-hour chart. Gold prices started a downside correction from the $2,195 zone. Bitcoin struggled above $72,000 and corrected below $70,000. Crude Oil Price Technical Analysis […]
28/12/2023

Japanese Yen Keeps on Rolling

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]