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A surprisingly high US inflation print this week triggered the biggest shake-up in US bond markets in more than a year. The US 2-year government bond yield closed 23bp higher on the day, which was the biggest one-day move since March last year. It reflects a further repricing of expectations for Fed policy with money […]

The post Weekly Focus – US Inflation Shakes Up Markets appeared first on Action Forex.

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28/06/2024

US: Consumer Income and Spending Grow While Inflation Cools in May

Personal income grew 0.5% month-on-month (m/m) in May, up from April’s 0.3% gain, and ahead of market expectations (0.4%). Accounting for inflation and taxes, real personal disposable was also up 0.5% m/m in May, relative to a flat reading in April (revised up from a -0.1% decline previously). Personal consumption expenditures rose by 0.2% m/m. […]
15/03/2024

DAX Short Term Should Stay Supported

Short Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal […]
23/04/2024

Without of Hawkish Stance from BoJ, USD/JPY Will Likely Continue Upside Trajectory

The week started on a hopeful note after the de-escalation of tensions between Israel and Iran. Gold shortly fell below $2300 per ounce in Asia. Brent dipped below the $86pb level, as US crude tested the 50-DMA to the downside. Equities rebounded. The Stoxx 600 index jumped past the 50-DMA and the 500 psychologic mark, […]