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Markets The US Treasury sell-off from Tuesday and especially Wednesday, ended with the early US eco data yesterday. Disappointing and weak durable goods orders (especially the series used for GDP calculations) and a significant downward revision for personal consumption (1.5% Q/Qa instead of 2%) in the final release of Q1 GDP directed a bid into […]

The post USD Losses Could be Balanced by Both Euro Caution and Tricky Risk Sentiment appeared first on Action Forex.

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03/02/2024

Groundhog Day: Hiring Once Again Starts the Year at Blistering Pace

Summary Hiring once again came out of the gate strong in 2023. Nonfarm payrolls rose by 353K in January, blowing past consensus expectations for a 185K gain. What’s more, revisions point to stronger momentum in hiring through the end of last year; payrolls in the fourth quarter of 2023 are now reported to have grown […]
06/03/2024

Fed Chair Has Every Reason to Hold the Line

Markets In the run-up to the release of the US services ISM, (US) equity futures/markets yesterday fell prey to a tentative risk-off correction. In particular some parts of the tech sector apparently felt some vertigo after recent record race in the likes of the S&P and the Nasdaq. Safe haven flows supported Treasuries. A soft […]
10/04/2024

NZD/USD Signals Breakout, US CPI Report Next

Key Highlights NZD/USD is attempting a fresh increase above the 0.6000 resistance zone. It broke a major bearish trend line with resistance at 0.5990 on the 4-hour chart. Gold prices remain elevated ahead of the US CPI release and FOMC meeting minutes. The US CPI could increase by 3.4% in March 2024 (YoY). NZD/USD Technical […]