Logo-color Logo-white

Markets The US eco calendar provided first meaningful input for 2024 trading yesterday. Data strengthened the goldilocks scenario of growth stabilizing at a low, but no recessionary, level in combination with a labour market turning less tight and an ongoing disinflationary process. The manufacturing ISM recovered marginally more than expected (47.4 from 46.7), but remains […]

The post New Vigor on Bond Market Curtailed Dollar’s Momentum appeared first on Action Forex.

previous

AUDUSD Shows Some Upside Recovery Again

next

EURJPY Speeds Above Key Barrier

Read More

25/09/2024

Elliott Wave Expects Silver (XAGUSD) to Continue Bullish move

Silver (XAGUSD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in […]
09/04/2024

Japanese Government and BoJ Officials Hit the Wires on a Near-Daily Basis

Markets US yields powered through yesterday with new year-to-date highs for all maturities in the 2y-10y range. The post-payrolls gains increased between 1.8 and 4.1 bps with the front end of the curve underperforming. Tenors from the 5y on did ease from intraday highs when US dealings were running warm, eventually resulting in the typical […]
11/07/2024

Japanese Yen Faces Continued Decline Amid Interest Rate Differentials

The USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and the Federal Reserve. Earlier this year, the BoJ abandoned its longstanding negative interest rate policy, adjusting the […]