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Markets Core bonds reversed the safe-haven triggered gains of Tuesday. US yields rose by 3.7 bps (2-yr) to 5.8 bps (30-yr) while German yields rose by 1.9 bps (2-yr) to 5.5 bps (30-yr). The US underperformance at the front end of the curve was linked to a decent ADP employment report (143k from 103k vs […]

The post Sterling Loses Ground Following BoE Bailey’s Interview by Guardian appeared first on Action Forex.

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EURUSD Looking for Expanded Flat Elliott Wave Correction

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September CPI Preview: Sticky-Looking Core to Be Temporary

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18/10/2024

Consensus-Beating UK Retail Sales Triggers a EUR/GBP Break Lower

Markets Second tier US economic data outgunned yesterday’s ECB meeting. Strong retail sales, lower-than-expected weekly jobless claims and a sharp rebound in the Philly Fed business outlook sparked a test of the 4% barrier by the US 2-yr yield (+3.3 bps in the close) but it’ll take more for this psychologically important level to break. […]
02/02/2024

USDCHF Selling The Pair At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of USDCHF published in members area of the website. As our members know, the pair is bearish against the 0.9246 pivot. Our team recommended members to avoid buying , while keep favoring the short side in […]
28/05/2024

EUR/CHF Technical: Potential Bullish Impulsive Moves Resume

The potential upcoming interest cut on 6 June from the ECB is likely to have been fully priced in by the markets. The forward guidance by ECB officials on the timing of subsequent rate cuts is murky and the consensus forecasts for the current Eurozone core inflation deceleration trend may have plateaued in May. These […]