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Markets Markets finally took a breather this morning after recent sharp risk-off repositioning especially in equities and interest rates. However, it doesn’t feel as if a sharp, sustained countermove is already in store. Initial ‘gains’ in yields, gradually evaporated. Equities are rebounding about 0.75% (Eurostoxx50 & S&P500) but one has the feeling that some kind […]

The post Sunset Market Commentary appeared first on Action Forex.

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07/09/2024

The Weekly Bottom Line: With Employment Slowing, The Time to Cut is Here

U.S. Highlights The U.S. added fewer jobs than expected in August, even as wage growth accelerated, and the unemployment rate edged down. Additionally, JOLTS data pointed to lower job openings, suggesting that the U.S. labor market continued to cool. Fed Governor Williams stated that the time had come for less restrictive monetary policy but remained […]
13/09/2024

US Treasuries Rally Overnight With Front End of the Curve Outperforming.

Markets The ECB cut its deposit rate by 25 bps to 3.5% while narrowing the gap between the deposit rate and the main refinancing rate from 50 bps to 15 bps as flagged in March. New growth and inflation forecasts barely changed from June. The ECB plots the same 2.5%-2.2%-1.9% average inflation path for the […]
05/12/2023

XAUUSD: Fake Breakout or New Reality?

Gold price experienced a notable turnaround, gaining fresh bids after a $125 pullback from its recent peak. Federal Reserve Chair Jerome Powell’s recent speech suggested a reluctance towards aggressive rate cuts, dampening speculations of immediate policy easing. Market sentiment leans towards the belief that the Fed has concluded its tightening cycle, with a growing likelihood […]