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Markets As was the case since Tuesday, global trading was kept in some kind of holding pattern. Potential drivers were central bank speakers, a US (30-y) auction and the weekly jobless claims. Fed Barkin joined his colleagues in their view that robust demand and strong labour data give the Fed the opportunity to build more […]

The post Still No Clear Trend in Major FX appeared first on Action Forex.

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15/10/2024

Sunset Market Commentary

Markets The release of labour market data kicked off a triptych of key UK data that should help clarify whether the time is right for the BoE to move to a ‘more activist approach’ when it comes to reducing policy restriction. The employment report didn’t change (money) markets’ positioning in any profound way (> 90% […]
04/06/2024

Oil Probably Setting Up for a Repeat of 2020 or 2014

In the middle of last week, WTI crude bounced off resistance in the form of the 200-day moving average and moved closer towards the lower end of the May trading range. Oil is also trading below its 50-day average, which is pointing downwards. All of this is evidence of an intensifying bearish medium and long-term […]
23/09/2024

Risk On

Last week marked the end of my myopia and the beginning of the end of the Federal Reserve’s (Fed) tightening cycle. The Fed started lowering its rates by 50bp – a bold decision that raised many questions across investment communities regarding the necessity of a jumbo size cut while the US economy, though slowing, hasn’t […]