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Markets German Bunds outperformed US Treasuries yesterday. German yields closed 4.8 bps (2-yr) to 9.8 bps (30-yr) lower. The curve move was at least partly inspired by technical reasons (acceleration after losing support from August & September lows at long tenors) and by intraday deteriorating risk sentiment (around the start of US trading) as tensions […]

The post We Continue to Err on the Side of Another 50 bps Fed Rate Cut appeared first on Action Forex.

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GBPUSD Slips Near Strong Support of 1.3265

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29/08/2024

EURCHF Wave Analysis

EURCHF broke support level 0.9400 Likely to fall to support level 0.9250 EURCHF currency pair is falling inside the minor impulse wave iii which started earlier from the pivotal resistance level 0.9550 (former support from April). The pair today broke the support level 0.9400 – which should add further pressure on this currency pair. Given […]
24/01/2024

Crypto’s Decline Looks More Like a Sell-off than a Correction

Market picture The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday. The persistence of the sell-off has triggered a sell-off in many altcoins, losing with greater amplitude than BTC. The very nature […]
19/06/2024

CADCHF Wave Analysis

CADCHF broke key support level 0.6465 Likely to fall to support level 0.6400 CADCHF currency pair under the bearish pressure after breaking the key support level 0.6465 (which started the impulse wave C in February). The breakout of the support level 0.6465 accelerated the active impulse waves 3 and iii, which belong to the higher […]