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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 […]

The post US Treasuries Rally Overnight With Front End of the Curve Outperforming. appeared first on Action Forex.

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USDCAD Flirts With 200-Day SMA Again

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30/01/2024

EURUSD Slips Further After the Fall Below 200-day SMA

EURUSD touched 1.0800 but returned higher Price moves within bearish triangle MACD and RSI suggest negative bias EURUSD tumbled below the crucial 1.0845 restricted zone, generating concerns that the decline from the 200-day simple moving average (SMA) may continue.  Also, the market declined slightly below the 1.0800 round number during Monday’s session, meeting the lower boundary of the bearish […]
29/11/2023

Overstretched

The US bonds extended their rally ladies and gentlemen, as one of the Federal Reserve’s (Fed) most hawkish members, Christopher Waller, said in a speech named ‘Something appears to be giving’ that he is ‘increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%’. The Chicago Fed […]
01/04/2024

XAU/USD: Gold Hits New Record High on Growing Hopes for Fed Rate Cut in June

Gold hit new record high ($2265) in early Monday’s trading, as markets reopened after Good Friday’s pause. The metal starts the month in firm bullish mode, after softer US inflation data boosted expectations for Fed’s first rate cut in June (bets currently show 69% probability for June rate cut). Gold advanced 3% last week and […]