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Markets German Bunds underperformed US Treasuries today. Yields added between up to 2.2 bps, the front end of the curve taking the lead. Yesterday’s PMI’s didn’t deliver a similar September-shocker and even offered a glimpse of hope for the battered German economy. That led some of the more hawkish ECB policymakers to come out of […]

The post Sunset Market Commentary appeared first on Action Forex.

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Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data

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03/05/2024

Bitcoin’s Downtrend, Solana and Ethereum Form Double Bottom

Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation bottomed near $2.10 trillion, confirming a sequence of declining local lows (2.3 in March, 2.25 in April) and highs (2.76 in mid-March, 2.67 in early April and 2.46 in late April). Ethereum and Solana are adding from the area of […]
27/11/2024

U.S. Economic Growth Remains Solid in the Third Quarter

The second estimate of third quarter real GDP growth was unchanged at 2.8% quarter-over-quarter (annualized) – in line with the consensus forecast. Looking under the hood, consumer spending was revised down to 3.5% (from the prior estimate of 3.7%), but this was entirely offset by an upgrade in non-residential fixed investment (3.8% vs. the prior […]
28/12/2023

AUD/USD Eyes Chinese PMIs

China releases PMIs on Saturday The Australian dollar has edged lower on Thursday. In the European session, AUD/USD is trading at 0.6833, down 0.21%. Earlier today, the Aussie climbed as high as 0.6871, its highest level since July. Risk appetite rise boosts Aussie The US dollar has hit rough times and the Australian dollar has […]