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Markets US yields closed this week’s opening session 8.3 bps (2-yr) to 11.3 bps (10-yr) higher. For the US 2-yr yield, it was the highest close since mid-August and above the strong 4%-resistance area. The US 10-yr yield finished above 4.2%, completely erasing the August market-meltdown setback to 3.6% mid-September. Don’t go searching for any […]

The post In Run-Up to US Elections, By Default USD Strength Could Continue appeared first on Action Forex.

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Gold Technical: Bullish Acceleration in Progress Reinforced by “Trump Trade”

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05/08/2024

Nikkei 225 Index Has Plummeted to a Nine-Month Low

As shown by the Nikkei 225 (Japan 225 on FXOpen) chart: → In less than a month, the index price has dropped by more than 25%, providing grounds to suggest the start of a bear market; → The price has approached the psychological level of 30,000 points – the last time the price was this […]
29/03/2024

GBP/USD: Cable Moves Within Extended Range Ahead of Key US Data

Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on Good Friday. Near-term action is ranging between 200DMA (1.2588) and thin daily cloud (spanned between 1.2634 and 1.2663), with predominantly bearish daily studies keeping the downside at risk, although the pair is still looking for stronger direction signal. Markets await release […]
19/04/2024

Oil, Gold Jump as Israel Responds

Oil and gold jumped on rising geopolitical tensions after Israel struck targets in western Iran as a response to last weekend’s attacks. One of the concerned cities is Isfahan, home to several military bases and facilities, but also to nuclear facilities including the main technology center. Iran said that the nuclear site is safe. Bloomberg […]