Logo-color Logo-white

The strong demand for the US 30-year bond auction, that followed two other strong 3 and 10 year auctions this week triggered no appetite across the US bonds space yesterday, most probably because the 30-year paper is a long maturity paper and is mostly purchased by insurance and pension funds. But the week has been […]

The post Diving into the CPI Numbers appeared first on Action Forex.

previous

EURGBP Wave Analysis

next

AUDJPY’s Gentle Climb Continues

Read More

04/04/2024

BTCUSD Pauses Pullback But Still Under Pressure

BTCUSD halts its retreat and recoups some losses But momentum indicators remain tilted to the downside BTCUSD (Bitcoin) experienced a strong pullback following its repeated inability to conquer the 71,750 hurdle. Although the price seems to be finding its footing in the last couple of sessions supported by a short-term ascending trendline, near-term risks remain tilted to […]
02/05/2024

FX Interventions Do Not Change a Currency’s Fundamental Course

Markets The Fed kept the policy rate stable at the 5.25%-5.50% range yesterday. The statement did feature some changes, including that “In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.” It also announced that the Fed will reduce the pace of QT in Treasuries from $60bn […]
18/04/2024

ASML Miss Hammers Appetite

The big story of yesterday was the disappointing results from the biggest European company, ASML, which sells equipment to chipmakers so that they could build their chips. ASML sales missed estimates and new orders came in way lower than expectations in Q1. They slumped by 60% compared to a quarter earlier. The key markets as […]