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Markets US Treasuries tested sell-off lows on Friday after January producer price inflation delivered the third upset of the week when it comes to price developments. CPI inflation and import/export prices earlier on the week showed signs of sticky (services) inflation as well. The trio triggered a new big repricing in Fed policy rate expectations. […]

The post News Flow is Thin and Will Stay So for the Remainder of the Day appeared first on Action Forex.

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13/03/2024

Gold: Correction is Fuel for Growth

Gold lost over 1% on Tuesday, its first daily decline after nine days of gains, six of which were all-time highs. Signs of consolidation were already evident on Monday and Tuesday, which began with a moderate decline, accelerated by the release of US inflation data. While the rush out of risk assets on this news […]
13/05/2024

Sunset Market Commentary

Markets All eyes are on Wednesday’s US CPI inflation print and to a lesser extent its PPI precursor tomorrow. That led to stoic, listless trading at the start of the new week. China announced during early Asian dealings that it will kick off its CNY 1tn stimulus plan on Friday with a CNY 40bn 30-yr […]
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XAG/USD Analysis: Bulls May Target $30 Again

As the XAG/USD chart indicates today, the price of silver has dropped by over 5% in the past week. Bearish signs are also evident in the price of gold. According to Reuters, market participants are focusing on a series of economic data set to be released this week, which could influence expectations regarding a potential […]