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Markets US Treasuries hold near last week’s sell-off lows in an uneventful trading session awaiting major central bank decisions. US yield currently trade up to 1.5 bps higher across the curve with both the US 2-yr and 10-yr yield testing the YTD highs at 4.74% and at 4.34%. German Bunds face some similar minor selling […]

The post Sunset Market Commentary appeared first on Action Forex.

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15/04/2024

Gold Technical: At Risk of Mean Reversion Corrective Decline After 19% Gain

Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition. The recent rally in Gold (XAU/USD) has been primarily driven by an increase in geopolitical risk premium arising from Middle East tensions. A lack of fresh catalysts after the latest Iran retaliation offensive […]
27/06/2024

Will Core PCE Inflation Persuade Fed to Cut Rates?

US core PCE inflation index could resume downtrend Fed may ask more evidence before cutting interest rates EURUSD trades near key support zone. Is it time for an upside reversal? Inflation could hit a new low in May Friday will see the release of the Fed’s favorite core PCE inflation measure at 12:30 GMT as the […]
01/07/2024

French Election: Public Spending Not Set to Rise Significantly

Initial projections, alongside statements from Macron and Melenchon on Sunday, indicate that the most probable outcome is that no party will achieve an absolute majority, resulting in a ‘hung parliament’. Hence, public spending in France is not set to rise significantly (see scenario 1, page 2). Projections indicate that National Rally (RN) won the first […]