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Markets ECB’s Schnabel triggered some unexpected market action yesterday. The German board member lived up to her hawkish reputation by noting that talk about rate cuts is premature. That’s more so because the recent decline in bond yields, exactly because of rate cut expectations, have loosened financial conditions more than thought. Combined with sentiment indicators […]

The post Rising (US) Yields Should Provide a Bottom for Dollar appeared first on Action Forex.

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06/12/2023

Bonds Rally, Equities Watch

The central bank doves are forcefully back following a significantly lower-than-expected US JOLTS print, and on the back of a surprisingly dovish comment from an otherwise… hawkish Isabel Schnabel from the European Central Bank (ECB). Jolts Released yesterday, the JOLTS data showed that the US job openings fell below 8.8 mio jobs in October – […]
17/05/2024

USD/JPY: Facing Uphill Battle Amid Market Challenges

Key Highlights USD/JPY tested the 153.50 support and recovered losses. A key bearish trend line is forming with resistance at 156.00 on the 4-hour chart. EUR/USD gained pace for a move above the 1.0800 resistance. Bitcoin climbed higher and tested the $66,500 resistance zone. USD/JPY Technical Analysis The US Dollar started a sharp decline from […]
19/08/2024

BTCUSD Completes Death Cross

BTCUSD trades sideways in the past few sessions Sentiment deteriorates after multiple rejections at 50-day SMA Momentum indicators are skewed to the downside BTCUSD (Bitcoin) has been losing ground in August, experiencing a strong selloff on the back of a downbeat July NFP report. In contrast to stocks, Bitcoin has failed to recover notable ground as the 50-day simple […]