Logo-color Logo-white

Markets The stakes are high for tonight. The US Treasury sells $39bn of 10-yr Notes as part of its mid-month refinancing operation. The auction occurs against the background of huge volatility, and weakness, in long-term bonds. US Treasuries sell off as some market parties are forced to unwind leveraged positions, with stagflation worries, loss of […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

EUR/USD Outlook: Euro Benefits from US-China Escalation, Markets Price in April ECB Rate Cut

next

EURGBP Extends Steep Ascend into Fifth Straight Day

Read More

01/04/2025

Euro Zone Inflation Drops to 4-Month Low, DAX Index Rises as Rate Cut Bets Intensify

Euro Zone inflation dropped to a 4-month low of 2.2%, increasing bets on an ECB rate cut in April. Uncertainty surrounds the inflation outlook due to potential US tariffs and the EU’s response. The DAX index faces a “precarious situation” technically, with potential for a correction ahead of tariff announcements. What is next for the […]
11/10/2024

Cliff Notes: Shifting Views on the State of the Economy

Key insights from the week that was. In Australia, there was finally a sigh of relief for consumers as October’s Westpac-MI Consumer Sentiment Survey reported a 6.2% increase in the headline index to 89.8, a two-and-a-half year high. The chief culprit behind this improvement was a significant pull-back in interest rate hike fears, as consumers […]
18/12/2023

EUR/USD Tops Again But Can This Key Support Hold?

Key Highlights EUR/USD failed again to clear the 1.1010 resistance. A key bullish trend line is forming with support near 1.0860 on the 4-hour chart. GBP/USD also started a downside correction from the 1.2780 zone. Gold prices are struggling to stay above the $2,000 pivot level. EUR/USD Technical Analysis The Euro gained bullish momentum after […]