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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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12/07/2024

Corporates Have Weighed in on Crypto Once Again

Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the Nasdaq index, with which crypto has the closest correlation. At […]
13/12/2024

GBP/USD Declines Following UK GDP Data Release

Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a […]
14/12/2023

XAU/USD: Gold Price Establishes Above $2000, Lifted by Weaker Dollar

Gold extended recovery on Thursday, following 2.4% rally on Wednesday (the biggest one-day gains since Oct 13), sparked by dovish Fed. Strong bounce is forming reversal pattern on daily chart and generates initial signal of an end of corrective phase from new all-time high ($2141). Fresh bulls returned above $2000 and dented pivotal barrier at […]