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Markets The bond market sell-off/curve steepener from earlier this week yesterday ran into resistance. Data were not really high-profile but at least didn’t push a continuation of the ascent in yields. Going into today’s EMU Flash CPI, Spanish May inflation (headline HICP 3.8%, core 3.0%) was close to expectations. US Q1 GDP was slightly downwardly […]

The post Focus for Global Trading on EMU and US Inflation Data Series appeared first on Action Forex.

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13/05/2024

Brent Crude Oil Faces Downward Pressure Amid Demand Uncertainties

The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity. Recent statements from representatives of the US Federal Reserve have led to expectations that interest rates may […]
08/05/2024

USDCHF Wave Analysis

USDCHF reversed from support zone Likely to rise to resistance level 0.9200 USDCHF currency pair recently reversed up from the support zone lying between the round support level 0.9000 (which has been reversing the price from March), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from March. The upward reversal […]
25/03/2024

Instrument of the Week (25-29 March): GBPCAD Spotlight

Instrument of the Week (25-29 March): GBPCAD Spotlight Discover why FBS reduced the GBPCAD spread and what to do next! The final week of March 2024 is critical for traders and investors watching the GBPCAD currency pair, with significant economic data releases from the United Kingdom and Canada. The UK will announce its final GDP […]