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Markets It’s more of the same today in absence of big events. Slightly below-consensus US PPI data only very briefly triggered a bid in US Treasuries which continued their bear steepening run. Daily changes on the US yield curve range between flat and +4.9 bps (30-yr). German changes add 2 to 3 bps across the […]

The post Sunset Market Commentary appeared first on Action Forex.

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21/08/2024

GBPCAD Reacted Higher After Ending Double Correction Lower

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPCAD. In which, the rally from 28 September 2023 low is unfolding as a leading diagonal sequence and called for an extension higher to take place. Therefore, we knew that the structure in GBPCAD should remain supported […]
06/06/2024

ECB Review: Cutting and Keeping

Today, the ECB decided to cut its three main policy rates by 25bp, which leaves the key policy rate at 3.75%. This cut follows a 9-month period with unchanged policy rates on the back of the rapid hiking cycle since mid-2022. The rate cut was widely expected and thus focus was on the communication. The […]
29/11/2023

Sunset Market Commentary

Markets: The chase is sometimes better than the catch. Lemmy knew. Scooter knew. And now we know. Since the start of the week, investors have been chasing down bond yields. In Europe, anticipation on lower inflation numbers offer part of the explanation. ECB Lagarde switching focus from policy rates to halting PEPP reinvestments ahead of […]