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Markets Bond supply stood in the center of attention yesterday. Belgium and Italy kicked off in Europe. Both received bumper investor interest, the former for a new 10-year OLO benchmark and the latter for a 7-year one as well as a tap of an existing 30-year BTP. The US started its monthly refinancing round with […]

The post Weak JPY Following Disappointing (But Outdated) November Labor Earnings Data appeared first on Action Forex.

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09/07/2024

Gold Wave Analysis

Gold reversed from resistance level 2400.00 Likely to fall to support level 2325.00 Gold today reversed down with the Bearish Engulfing from the key resistance level 2400.00 (which reversed the price at the start of June). The resistance level 2400.00 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of […]
13/07/2024

The Weekly Bottom Line: U.S. – Inflation Cooling

U.S. Highlights U.S. inflation eased by more than expected in the month of June, raising the likelihood of a September rate cut. Small business confidence continued to edge higher in June, though several forward-looking indicators suggests some softening in the months ahead. Eyes will be on Chair Powell’s appearance in DC next week for a […]
12/09/2024

ECB Meets as Fed Doves Wave Goodbye to Jumbo Cut

The latest US CPI data, and the reaction to data was mixed on Wednesday. The good news is that the headline inflation fell from 2.9% to 2.5% in August, and sank significantly below the 3% level where it was resisting since last summer. The drop in food and energy prices helped easing pressure in the […]