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US President-elect Trump’s proposed policies may trigger a further upside movement on longer-term US Treasury yields. A break above the 4.49% on the US Treasury yield may see a further potential rally towards 5.20%. A further reduction of the 2-year and 10-year yield spread between the Australian government sovereign bonds and US Treasuries may put further downside […]

The post AUD/USD: “Trump Trade” Overshadowed Cautiously Hawkish RBA, At Risk of Further Downside appeared first on Action Forex.

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08/05/2024

EURJPY Flirts With 167.00 Again

EURJPY recoups previous losses Rebounds off ascending trend line Surpasses short-term SMAs Oscillators gain momentum EURJPY is flirting with the 167.00 round number after the bounce off the long-term rising trend line and the 164.00 handle. The pair has been developing within an upward tendency since the beginning of December with no violations of the […]
07/02/2024

Sunset Market Commentary

Markets Core bonds, US Treasuries in particular, opened higher in an attempt to recoup some of the Powell-Payrolls-ISM triple whammy they suffered over the previous days. But US yields shedding between 0.1 and 3 bps across the curve is nothing compared to the 30bps+ they gained in just two trading days. Technically, the likes of […]
11/04/2024

What’s Behind the US Economy’s Resilience?

US economy is still sizzling, outperforming other regions Several factors behind this strength, such as heavy public spending For US dollar to enjoy a massive rally, it may also need risk aversion Why is the US economy still so strong?  One of the most striking developments over the past year has been the extraordinary resilience […]