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Markets Markets tried to extend the Trump trade yesterday after higher US October producer price inflation and solid (low) weekly jobless claims. They sparked a reaction higher in the dollar and lower in US Treasuries. However those moves didn’t go far and even started a modest correction move on this month’s one-way traffic. Enter Fed […]

The post EUR/USD Closed at New YTD Low appeared first on Action Forex.

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03/10/2024

Sunset Market Commentary

Markets An interview of BoE Governor Bailey in The Guardian changed (relative) prospects for UK yield markets and sterling. Until now, markets expected the BoE to keep a cautious approach on easing as (especially underlying) inflation proved sticky, raising doubts the BoE would be able to reach its 2.0% target in a sustainable way anytime […]
25/10/2024

Week Ahead – A Decisive Week for USD with NFP and More; BoJ Meets

A crucial week lies ahead with US jobs report, advance GDP and PCE inflation The Bank of Japan is expected to hold rates, but will it flag a year-end hike? Flash GDP and CPI data for the euro area are also hotly anticipated Australian quarterly CPI and UK budget on the agenda too All eyes […]
09/05/2024

USDJPY Advances After Bouncing Off 50-day SMA

USDJPY in a recovery mode after pull back comes to a halt Momentum indicators suggest intensifying positive momentum USDJPY experienced a strong pullback from its 34-year high of 160.20 following the intervention by Japanese authorities a week ago. However, the pair managed to find its feet at the 50-day simple moving average (SMA) and recoup a […]