Logo-color Logo-white

Markets German Bunds significantly outperformed US Treasuries yesterday, especially at the front end of the curve. The German 2-yr yield lost 7.2 bps compared with a 4.7 bps increase for the US 2-yr yield. EUR/USD as a result tested 1.0778 support a first time (close: 1.0782). ECB governors kept all options open for the December […]

The post EMU Money Markets Currently Attach Near 50% Probability to ECB Scaling Rate Cuts Up to 50 bps in December appeared first on Action Forex.

previous

Elliott Wave View: CADJPY Has Reached Area Where Pullback Can Happen

next

AUD/USD Outlook: Bears Take a Breather

Read More

17/07/2024

Elliott Wave Intraday: Gold (XAUUSD) Breaks to New All-Time High

Gold (XAUUSD) has made a new all-time high which confirms the right side remains bullish in the near future. Cycle from 6.7.2024 low is currently in progress as a 5 waves impulse. Up from 6.7.2024 low, wave 1 ended at 2368.74 and pullback in wave 2 ended at 2293.46. Up from there, wave (i) ended […]
17/04/2024

Sunset Market Commentary

Markets Fed Chair Powell yesterday rubberstamped a delay of the inaugural Fed rate cut as inflation doesn’t provide the confidence needed to ease policy anytime soon. Yields yesterday still gained a few bps, but today markets came to a short term evaluation point. US yields change between -5 bps (5 & 10-y) and -3 bps […]
25/07/2024

GBP/USD Faces Downward Pressure Amid US Dollar Strength

GBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise. Statistics released earlier showed that UK private sector activity improved in July. PMI data indicated that activity in the services sector expanded slightly, while in the […]