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Markets Slightly lower-than-expected US inflation (May) and a decent $39bn 10-yr auction yesterday caused UST outperformance over Bunds. Yields dropped between 1 and 7.2 bps in a bull steepening move. The US 2-yr yield called off its adventure north of 4% once again. The next Fed rate cut remains fully priced in for October but […]

The post DXY Headed for 98 April Low appeared first on Action Forex.

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28/10/2024

US Jobs Report and Inflation in Focus This Week

In focus this week Today will be quiet on the data front, with no major releases scheduled This week is expected to be calm before the storm of the US election. On Tuesday we will have the JOLTs report and the consumer confidence from the US Conference Board. On Wednesday, we receive preliminary estimate of […]
07/05/2025

Merz Overcomes Initial Setback to Become Germany’s Chancellor

In focus today This evening the Federal Reserve May meeting takes place, where we expect the Fed to keep an unchanged monetary policy, in line with consensus and market pricing. While we expect the Fed to resume cutting rates in June, we doubt Powell will opt for clear forward guidance amid the tariff uncertainty. Read […]
03/06/2024

EUR/USD Eyes More Gains Above 1.0900, Bulls In Control

Key Highlights EUR/USD started a consolidation phase below the 1.0900 resistance. A major bullish trend line is forming with support at 1.0820 on the 4-hour chart. Gold prices are still consolidating above the $2,320 support zone. GBP/USD might continue to rise unless there is a close below 1.2650. EUR/USD Technical Analysis The Euro remained in […]