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Markets In a session with few important data core bonds remained well bid, Bunds outperforming Treasuries. German yields declined between -11.6 bps (2-y, benchmark change) and -4.5 bps (30-y) in a bull steepening move. Investors apparently stay confident that the ECB will able to continue its easing cycle as of September even as June EMU […]

The post Yen Extends Its Comeback Supported by strong Japan Jibun Services PMI appeared first on Action Forex.

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11/03/2024

USD/JPY: Descends Further on Diverging Fed/BOJ Policy Outlook

USDJPY continues to trend lower as dollar was deflated by growing bets for Fed’s rate cut in coming months, while yen rallies on strong signals that the Bank of Japan could start raising interest rates this month, with scenario being boosted by solid Q4 GDP data, which show that economy remains resilient and likely avoided […]
30/11/2023

Eurozone Disinflation Accelerates as Markets Price in April Rate Cut

Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2% target. While policymakers have continued to push back against talk of rate cuts, the questions will be impossible to ignore now with markets pricing in one in April and at least four in total […]
26/12/2023

EUR/USD Eyes More Upsides Amid The Holiday Season

Key Highlights EUR/USD is holding gains above the 1.0980 level. A key bullish trend line is forming with support near 1.0980 on the 4-hour chart. GBP/USD is also consolidating gains near the 1.2700 level. Gold prices are accelerating higher toward the $2,080 level. EUR/USD Technical Analysis The Euro remained well-bid above the 1.0840 level against […]