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Markets US yields softened going into the weekend as a poor manufacturing ISM triggered a short squeeze. Today, the calendar was almost empty. However, with several key events/data scheduled later this week, markets didn’t draw any firm conclusions from Friday’s repositioning. In technical trade, US yields even reverse a big part of Friday’s setback, adding […]

The post Sunset Market Commentary appeared first on Action Forex.

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15/07/2024

NZ Dollar Dips After Soft Services PMI

The New Zealand dollar has started the trading week in negative territory. NZD/USD is trading at 0.6097 in the European session, down 0.35% on the day at the time of writing. New Zealand Services PMI slips The week started on a sour note in New Zealand as the Services PMI eased to 40.2 in June, […]
25/03/2024

Weekly Focus – Historical Central Bank Week: A Hike and A Cut in G10

The past week will go down in history as the Bank of Japan (BoJ) hiked the policy rate for the first time in 17 years while the Swiss National Bank (SNB) cut its rate, becoming the first G10 central bank to do so in the current cycle. The BoJ decided to set the overnight call […]
16/10/2024

This Time Is Not Different For China

Summary High profile policy announcements from China have captured financial markets’ attention over the past few weeks. China’s central bank eased monetary policy, while the Ministry of Finance deployed fiscal resources to aid the property sector and local banks. However, with few fiscal resources deployed toward supporting broader domestic demand, we don’t think the growth […]