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Markets Core bonds eked out some gains yesterday ahead of the ECB meeting and US data including retail sales and jobless claims scheduled for release today. Bunds outperformed Treasuries with yields losing around 4 bps across the curve. US yields lost between -0.8 (2-yr) and -2.4 bps (30-yr). Gilts rallied after September CPI decelerated more […]

The post ECB Expected to Cut Rates by 25 bps to 3.25% appeared first on Action Forex.

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27/12/2024

Santa in Japan

Those glued to their screens, hoping for Santa’s arrival, were left disappointed. The major US indices weren’t in good shape yesterday even after a mixed bag of US jobs data showed that the continuing jobless claims in the US advanced to the highest levels in more than 3 years – a sign that it takes […]
28/11/2024

Ethereum Rally Moves Up a Notch

Ethereum trades at a five-month high It has climbed above a key support level Momentum indicators remain bullish Ethereum continues to rally, undeterred by the broader fragile market sentiment due to geopolitics and Trump’s second term, and thus playing catch-up with bitcoin. November could be the first month that ethereum outperforms the king of cryptos […]
13/06/2024

EUR/USD: Remains Constructive Despite More Hawkish Than Expected Powell

EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s. The single currency rallied on weaker than expected US May CPI numbers, though the sentiment was cooled by more hawkish than expected remarks from Fed […]