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Donald Trump won the US election to become the next president, and it seems that the Republicans likely won a majority in both chambers of Congress. Trump was slim favourite ahead of the election, so the result was partially priced in already, but there was still a clear market reaction in that bond yields are up by […]

The post Weekly Focus – Stronger Dollar and Higher Yields After Trump Victory appeared first on Action Forex.

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Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus

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08/05/2024

Bitcoin Price Is At Risk of Another Decline – Here’s Why

Key Highlights Bitcoin price recovered above $63,500 but faced resistance at $65,500. BTC cleared a key bearish trend line at $63,250 on the 4-hour chart. Crude oil prices extended losses and declined below $78.80. Gold might struggle to start a fresh increase above $2,335. Bitcoin Price Technical Analysis Bitcoin price formed a base and started […]
20/08/2024

Rate Cut from Riksbank Should be a Done Deal

In focus today In Sweden, the Riksbank’s rate decision, a policy statement and a shorter policy report will be published at 09.30 CET. A press conference follows at 11.00 CET. There will be no new macro forecasts and no new rate path. A 25bp rate cut is – or should be – a done deal. […]
27/06/2024

WTI Crude Oil Moves Sideways in Near Term

WTI crude oil fails to rally above 81.90 RSI and MACD remain above mid-levels WTI crude oil has been on the sidelines for the most part of the week as the 81.90 level seems to be a real struggle for the bulls. Technically, the price could gain some ground in the short-term as the RSI is changing […]