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Markets Yesterday’s risk-on sentiment, Fed comments and the release of the Minutes of the Fed September meeting all contributed to a gradual, but protracted intraday uptrend in US yields. They closed higher between 7.1 bps (5-y) and 4.7 bps (30-y). Fed comments (Daly, Logan) suggest most governors see inflationary pressures receding while risks to employment […]

The post After Some Hesitation, Dollar Gradually Regaining Traction appeared first on Action Forex.

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13/06/2024

Oil Prices Recovers Sharply, Fed Holds Rates Steady

Key Highlights Crude oil prices started a strong recovery wave above the $75.00 resistance zone. There was a break above a key bearish trend line with resistance at $74.90 on the 4-hour chart. Bitcoin surged above $67,500 before trimming most gains. GBP/USD rallied to a new multi-week high and traded above 1.2800. Crude Oil Price […]
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Aussie Stems the Bleeding

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