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Markets A news-poor trading session yesterday didn’t prevent German yields from rebounding sharply after Friday’s setback. A belated reaction to the hawkish ECB talk or simply repositioning ahead of the end of month and/or critical data later this week? Either way, changes varied between 7.1-8.1 bps across the curve. US Treasuries outperformed, adding 1.9 to […]

The post Another Solid String Would Further Cement the Idea of First Fed Cut in July appeared first on Action Forex.

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13/05/2024

EUR/USD Could Extend Gains Unless This Support Fails

Key Highlights EUR/USD started a decent increase and climbed above 1.0750. A key bullish trend line is forming with support at 1.0700 on the 4-hour chart. Gold prices cleared the $2,335 resistance to move into a positive zone. Oil prices are showing bearish signs below the $80.00 region. EUR/USD Technical Analysis The Euro started a […]
03/06/2024

EURUSD Neutral in Short-Term But Still Bullish in Medium-Term

EURUSD rebounds off 1.0800 and 200-day SMA Trades within narrow range MACD and RSI lack direction EURUSD is currently moving sideways within a two-week consolidation area with upper boundary the 1.0895 resistance and lower boundary the 1.0800 round number. Looking at the momentum indicators, the RSI is lacking direction slightly above the neutral threshold of 50, suggesting that the […]
20/05/2024

Bitcoin Cautious Despite Global Rise in Risk Appetite

Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, remaining just below $67K. That’s a gain of 8.4% in seven days and a retest of the previous peak area […]