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Markets Markets spent most of their time awaiting corporate (Nvidia results after-market) and economic (European inflation numbers from tomorrow on and US PCE deflators on Friday) events today. Core bond yields drifted a few basis points lower in technically irrelevant trading during European trading hours, both in the US and Europe. They then fully recovered […]

The post Sunset Market Commentary appeared first on Action Forex.

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01/07/2024

French Election: Public Spending Not Set to Rise Significantly

Initial projections, alongside statements from Macron and Melenchon on Sunday, indicate that the most probable outcome is that no party will achieve an absolute majority, resulting in a ‘hung parliament’. Hence, public spending in France is not set to rise significantly (see scenario 1, page 2). Projections indicate that National Rally (RN) won the first […]
31/01/2024

XAUUSD: Review of Recent Price Action

Gold prices, stable above $2,000 per ounce, commenced the week on an uptrend driven by a rallying US dollar and anticipation surrounding the upcoming Federal Reserve meeting. Analysts highlight that the market is keen on the Fed’s signals for the coming months rather than immediate announcements. Gold touched $2,037 per ounce, holding near this level […]
02/02/2024

GBPJPY Ticks Up in BoE Aftermath

GBPJPY pauses its slide from a fresh 8½-year high Broader long-term uptrend remains in place RSI and MACD soften but remain positive GBPJPY has been in a prolonged uptrend since early 2023, posting a fresh 8½-year high of 188.91 on January 19 before experiencing a setback. However, in the past couple of sessions, the pair managed to halt its […]