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Markets A dovish Powell – or the absence of a hawkish one – lifted core bonds for a second day straight. Treasuries outperformed thanks to an acceleration in early US dealings. A mixed bag of (second tier) economic data left neither significant nor permanent marks. US yields eased between 2.1 (30y) and 8.8 bps (2y). […]

The post After Hawkish Fed Repositioning During April, Short Term Market Risks Skewed Towards Dovish Side appeared first on Action Forex.

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10/07/2024

Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking for Dips to Find Support

Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 ended wave (4). The metal has turned higher again in wave (5) as the 1 hour chart below shows. It still needs to break above the previous wave (3) peak at 32.51 to rule out a larger double correction. Up from wave […]
24/07/2024

EUR/USD Pares Losses After Weak Eurozone PMIs

The euro edged lower on Wednesday but has recovered. In the North American session, EUR/USD is trading at 1.0860, up 0.07% on the day at the time of writing. Eurozone PMIs weaker than expected Eurozone PMIs can be viewed as monthly report cards for the services and manufacturing services. The July PMIs decelerated and indicate […]
29/08/2024

Sunset Market Commentary

Markets Spanish and German consumer prices rose less than expected in August. Spanish prices were flat in M/M terms with headline CPI falling more than forecast, from 2.9% to 2.4%. German prices even fell by 0.2% M/M to be up 2% Y/Y (from 2.6% vs 2.2% expected). It was the first time since March 2021 […]