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Markets US Treasuries extended their post-CPI sell-off yesterday in absence of eco data or other news. US yields added 2.8 bps (30-yr) to 5.3 bps (3-yr). The US 2-yr yield is gradually moving back in the direction of the YTD high at 4.74%. Longer tenors show a similar dynamic but there’s some more ground to […]

The post Greenback’s Performance Has Been Lackluster Recently appeared first on Action Forex.

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22/12/2023

GBP/USD Shrugs After Mixed UK Data

UK retail sales jump 1.3%, GDP contracts by 0.1% US to release PCE Price Index on Friday The British pound is drifting on Friday. In the European session, GBP/USD is trading at 1.2701, up 0.08%. UK retail sales rebound but GDP contracts UK retail sales jumped 1.3% in November m/m, bouncing back from 0% in […]
15/07/2024

GBPUSD Wave Analysis

GBPUSD under bullish pressure Likely to rise to resistance level 1.3120 GBPUSD currency pair is under bullish pressure after the earlier breakout of the resistance level 1.2850, which has been reversing the pair from 2023. The breakout of the resistance level 1.2850 results from the simultaneously strongly bullish sterling sentiment and the equally weak USD […]
04/04/2024

A Trading Playbook on Japanese FX Intervention

Yen falls 7% this year to hit lowest levels in three decades Japanese authorities threaten to intervene again to defend it How likely is intervention, and what are the steps to get there? Yen tanks, again The Japanese yen absorbed heavy damage this year, briefly falling to a 34-year low against the US dollar. Selling […]