Logo-color Logo-white

Markets Core bonds finished higher last Friday. US Treasury yields were unable to build on Thursday’s Q2 GDP intraday rebound. The release of some economic data including personal income & spending and June PCE deflators wouldn’t call for a net daily yield decline between 3.1 and 5.6 bps but yet that’s exactly what happened. It […]

The post Asian Equity Markets Kick Off the week in Good Spirits appeared first on Action Forex.

previous

Gold Bent But Not Yet Broken

next

AUD/USD Gains Amid Anticipation for Key Economic Data

Read More

20/04/2024

The Weekly Bottom Line: Dialing Back Expectations

U.S. Highlights U.S. headline retail sales beat expectations in March, advancing for a second consecutive month. The strong showing bolstered the case for a delayed start to the Fed’s interest rate cutting cycle. Comments from senior Federal Reserve officials has the timing of possible interest rate cuts in question amid signs of persistent strength in […]
26/03/2024

WTI Oil Outlook: Takes a Breather after Monday’s 1.40% Advance

WTI oil price is holding within a tight range on Tuesday and consolidating Monday’s 1.40% advance, sidelined by mixed fundamentals. Supply concerns following recent attacks on Russian oil installation, which may cause longer disruptions from one of world’s top oil producers and exporters, weigh on oil price, while weaker dollar underpins. Technical studies remain firmly […]
27/06/2024

BTCUSD Bounces Off 1-Month Low

BTCUSD drops to its lowest level since May 2 Despite initial rebound, price remains under selling pressure Momentum indicators hover near oversold territory BTCUSD (Bitcoin) has been experiencing a vast selloff since the beginning of June, temporarily breaking below the 60,000 psychological mark. Although the price managed to halt its retreat just shy of the 200-day simple […]