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U.S. Highlights The Federal Reserve opted to hold rates steady in their first decision of the year in order to give themselves more time to assess the sustainability of current disinflation trends. Employment gains in January nearly doubled expectations as strong upward revisions to December carried forward into 2024. U.S. Treasury markets experienced volatility this […]

The post The Weekly Bottom Line: Resilient Labor Demand and A Patient Fed appeared first on Action Forex.

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28/06/2024

USD Losses Could be Balanced by Both Euro Caution and Tricky Risk Sentiment

Markets The US Treasury sell-off from Tuesday and especially Wednesday, ended with the early US eco data yesterday. Disappointing and weak durable goods orders (especially the series used for GDP calculations) and a significant downward revision for personal consumption (1.5% Q/Qa instead of 2%) in the final release of Q1 GDP directed a bid into […]
27/08/2024

Interest Rate Markets Looking for New Short-Term Equilibrium

Markets Interest rate markets were looking for a new short-term equilibrium for the post-Jackson Hole era yesterday. Early in the session, yields tried to build on Friday’s decline as Fed Chair Powel officially rubberstamped the start of a genuine rate cut cycle in September while leaving all options open on the pace of easing. However, […]
25/06/2024

Elliott Wave Analysis on Silver (XAGUSD) Expects Further Correction Lower

Short Term Elliott Wave in XAGUSD (Silver) suggests cycle from 5.20.2024 high remains in progress as a double three structure. Down from 5.20.2024 high, wave ((a)) ended at 30.03 and wave ((b)) rally ended at 32.29. Wave ((c)) lower ended at 29.36 which completed wave W. Rally in wave X has ended at 31.53 as […]