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Markets The slight US Treasury underperformance vs Bunds throughout the day yesterday deepened in the wake of some Fed policymakers hitting the wires after last week’s meeting. Fed’s Hammack and Bostic, both non-voters this year, and Musalem (voter) are all worried about inflation, which has been and still is too high for a long time. […]

The post Euro Area Economy Bottoming Out But at Snail’s Pace appeared first on Action Forex.

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28/03/2024

US500: Further Correction Towards 5192 Before Resuming Purchases

Bearish Scenario: Sales below 5220 with TP1: 5210 and TP2: 5192.21 with S.L. above 5248 or at least 1% of account capital*. Bullish Scenario: Buys above 5225 (if price fails to break below decisively) with TP1: 5235, TP2: 5242, TP3: 5248, TP4: 5255, TP5: 5290, and TP6 (Swing): 5300 with S.L. below 5210 or at […]
28/05/2025

Sunset Market Commentary

Markets ECB’s Lagarde made a strong case yesterday when promoting a bigger, international role for the euro while that of the US dollar is gradually waning. Her long-term call needs to see the remaining stumbling blocks resolved first, including fragmented capital markets. It also means the short-term impact of an otherwise interesting speech is limited. […]
11/10/2024

US Dollar Index (DXY) Outlook: Dollar Bulls to Take a Breath or PPI Data to Extend Rally?

The US Dollar Index (DXY) is in an intriguing position after mixed price action and ahead of PPI data. The future of the dollar may be influenced by external factors like oil prices and Middle East tensions. Technically, the DXY is facing resistance and a potential pullback, but underlying fundamentals remain supportive. The US Dollar […]