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Yield curves flattened further this week as longer dated yields traded lower on the back of softer US labour market data and not least ECB’s Schnabel’s interview with Reuters where she passed on the opportunity to oppose the recent aggressive market pricing of the ECB. In line with this, the euro has continued to weaken. […]

The post Weekly Focus – Central Bank Bonanza appeared first on Action Forex.

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11/07/2024

Markets Awaiting US Inflation Data: What is the Probability of Trend Reversals?

The major currency pairs are in a holding pattern following the release of the latest US labour market data and Jerome Powell’s testimony before Congress. The Fed Chair noted that the Federal Reserve has made “significant progress” in its mission to combat inflation, but emphasized the need for “more good data” before lowering interest rates. […]
07/05/2024

Bitcoin Can’t Accelerate But Won’t Give Up Trying

Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion, as Bitcoin lost 1.1% and Ethereum – 3%, but Solana has added 4%. However, the latter is noticeably out of step, with most of the other coins going down. On Monday, Bitcoin failed for the second time in a fortnight […]
03/01/2024

EUR/USD Stabilizes After Slide, FOMC Minutes Loom

Euro slips to two-week low US ISM Manufacturing PMI expected to rise slightly FOMC minutes to be released later on Wednesday Germany, Eurozone to release CPI on Thursday The euro has steadied on Wednesday after sustaining sharp losses a day earlier. In the European session, EUR/USD is trading at 1.0932, down 0.08% and its lowest […]