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EURUSD reduced speed after steep rally in past three days which hit new 2024 top (1.1132) just ticks ahead of Dec 2023 top (1.1139). The single currency continues to benefit from risk appetite and weak dollar on Fed rate cut expectations, with release of FOMC minutes today, to shed more light on the depth of […]

The post EUR/USD Outlook: Bulls Taking a Breather Under New 2024 High, Eye Fresh Signals from Fed appeared first on Action Forex.

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03/06/2024

EUR/USD Calm as Eurozone Manufacturing Improves

The euro has posted slight losses on Monday. EUR/USD is trading at 1.0835 in the European session, down 0.11% on the day. Eurozone manufacturing close to stabilizing The eurozone manufacturing sector is still contracting but there is light at the end of the tunnel. The manufacturing PMI rose to 47.3 in May, up from 45.7 […]
05/04/2024

Why Does 10-year US Yield Remain so High?

The 10-year US yield is a key determinant of FX moves It tends to drop when the Fed prepares to cut its interest rates Despite market expectations about the Fed, the 10-year US yield remains high A stock market correction could be a catalyst for a sizeable drop in US yields The 10-year US yield […]
20/04/2024

Weekly Focus – Middle East Situation Remains Tense

Market sentiment has remained volatile throughout the week. Iran’s strikes to Israel last weekend sparked uncertainty, which eased gradually through the week, only to be re-ignited by Israel’s retaliation last night. The jury is still out on whether this leads to a wider regional escalation, but at the time of writing, Iranian sources have said […]