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Markets Volatility remains high in the US Treasury market. We believed that Wednesday’s in-line with consensus CPI inflation report could be the start of a consolidation process on the sell-off which started mid-September. Fed Chair Powell’s comments on Thursday (“not in a hurry”) and retail sales on Friday twice ended the tentative correction higher before […]

The post Higher Front-End US Yields Served Dollar Well Recently appeared first on Action Forex.

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21/08/2024

Could Fed Chief Powell Finally Reveal His Hand at Jackson Hole?

The Jackson Hole Symposium will be held on August 22-24 Fed Chairman Powell speaks on Friday at 14.00 GMT Markets expect a dovish tone in support of a September rate cut Fed minutes and PMI surveys to set the scene Markets are gearing up for the Jackson Hole Symposium The much talked-about Jackson Hole Symposium […]
08/07/2024

Gold Lacks Clear Direction in Short Term

Gold slows pace after rebound off neckline RSI and stochastics look overstretched Gold prices jumped higher, meeting the restrictive region of 2,370–2,390, which is also acting as the right shoulder pattern in the short-term picture. However, the technical oscillators and the current market price action suggest a downside reversal. The RSI is pointing downward above […]
19/11/2024

EURJPY Correction Halts at Key Support Area

EURJPY is hovering around the 100-day SMA EURJPY bears have probably regained the upper hand Momentum indicators are mostly mixed at this stage EURJPY is edging lower today, testing the support set by the 100-day simple moving average (SMA) and the 163.37-163.49 area. The rally from the mid-September low stopped at the March 7, 2022 […]