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Markets Vocal ECB members provided core bonds with some early momentum on Friday. Especially ECB Villeroy gave some support by suggesting that an April rate cut is still in play less than 24 hours after ECB Lagarde actually ruled that scenario out at the ECB’s presser. Fed Chair Powell earlier last week did more or […]

The post More Whispers on BoJ Considering Scrapping Yield Curve Control appeared first on Action Forex.

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04/01/2024

AUDUSD Shows Some Upside Recovery Again

AUDUSD remains in bullish territory 50- and 200-day SMAs ready for bullish cross Stochastic looks oversold AUDUSD is recouping some losses of the preceding four red days after it found strong support at the 20-day simple moving average (SMA). Given the current positive momentum, the question now is whether the pair will stay resilient above […]
10/05/2024

Hang Seng Index: Oversold-Led Positive Animal Spirits Overshadowed Currency War Risk

The Hang Seng Index has transformed into a medium-term uptrend phase with key support at 17,110. Momentum factor is now taking a front seat over fundamentals such as the deflationary risk spiral. A softer than-expected China CPI and PPI prints for April may further erode consumer confidence. A yuan devaluation cannot be ruled out to […]
17/05/2024

US Manufacturing Disappoints Again

In focus today In the euro area, we receive the final euro area inflation data for April. We will especially look out for what drove the still strong service inflation and the measures of domestic inflation as these are key for the monetary policy outlook. Economic and market news What happened overnight In Japan, Kazuo […]