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US data awaited amid overly dovish Fed rate cut bets July PMIs to reveal how economies entered H2 BoC decides on monetary policy, may cut rates again Will investors add to their Fed rate cut bets? With investors ramping up their Fed rate cut bets, the US dollar suffered during the first half of the […]

The post Week Ahead – Flash PMIs, US GDP and BoC Decision on Tap appeared first on Action Forex.

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24/04/2024

USDCAD Wave Analysis

USDCAD reversed from long-term resistance level 1.3840 Likely to fall to support level 1.3600 USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance level 1.3840, which has been reversing the pair from 2022. The resistance level 1.3840 was strengthened by the upper weekly […]
14/05/2024

A Steeper JGB Yield Curve May Kickstart Another Bullish Leg in Nikkei 225

Nikkei 225 has undergone a 4-week corrective decline of 10.6% since its 41,088 all-time high printed on 22 March. Nikkei 225 major uptrend phase in place since 4 January 2023 remains intact. BoJ’s recent announcement on its reduction of 5 to 10-year JGBs purchases has led to a spiked up in JGBs yields that implied […]
02/04/2024

Sunset Market Commentary

Markets Core bonds dropped with a continued rise in oil prices ($88.5/b) serving as a common factor. German Bunds underperform US Treasuries. That’s partially a catch-up move as European markets missed out on US action yesterday (Easter Monday). German yields add between 1 (2-y) to 14.3 bps (30-y). The curve steepening (less inverse) happens against […]