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Markets Core bond yields finished higher yesterday. US rates added up to 6.7 bps and Germany up to 5 bps at the very long end of the curve (30-yr). That happened in a session stripped of important economic data but in the wake of Japanese long-term bond yields (>=30y) surging to records highs. The specific […]

The post High Inflation Ties BoE’s Hands appeared first on Action Forex.

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22/05/2025

WTI Crude Oil Stalls — Pullbacks Likely to Find Strong Support

Key Highlights WTI Crude Oil prices started a decent increase above the $61.50 level. A key rising channel is forming with support at $61.40 on the 4-hour chart. Gold prices managed to climb above the $3,240 resistance. EUR/USD is recovering and might aim for a move above the 1.1380 resistance zone. WTI Crude Oil Price […]
21/10/2024

USD/JPY Outlook: Violation of Pivotal Points to Generate Fresh Direction Signals

USDJPY regained traction in early trading on Monday but remains with the recent range and looks for firmer direction signal. Near term bias is expected to remain bullish while the price action stays above rising daily Tenkan-sen (149.16) which contained today’s dip, but the upside attempts were so far limited. Probes through psychological 150 barrier […]
18/02/2025

AUD/NZD: Further Aussie Outperformance Over Kiwi Supported by a Weaker New Zealand Labour Market

New Zealand’s unemployment rate has accelerated to 5.1% in Q4 2024, a whisker below its Covid peak of 5.2% while Australia’s unemployment rate remained stable at 4%. A further steepening of yield spreads between Australian and New Zealand sovereign bonds may trigger further upside in the AUD/NZD cross rate. Watch the 1.0980 key medium-term support […]