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Markets German bunds ended last week underperforming US Treasuries. Euro area PMIs suggested economic improvement is finally underway while price pressures picked up, both on the input and output side. German yields rose between 0.7 (30-yr) to 4.5 bps (2-yr) in bear flattening. US rates overcame early Trump-induced weakness only to take a second hit […]

The post Stock Futures Point to Steep Drop at Open Later Today appeared first on Action Forex.

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08/11/2024

Prospects for Gold Correction

Market Picture Gold lost over 3% in value on the day the presidential election results were tallied. Cumulatively, from the peak in late October to the recent low, the losses exceed 5%. So far, it does not look like a tragedy. On Thursday, the price added 2.5% from the lows to the high intraday, recovering […]
21/02/2024

ETHUSD Unlocks 21-month High Just Shy of 3,000

ETHUSD extends structure of higher highs Posts 21-month peak a tad below 3,000 psychological mark Momentum indicators point to overbought conditions ETHUSD (Ethereum) has been developing within a bullish channel since late October, surging to consecutive higher highs. On Tuesday, the price leaped to a fresh 21-month peak of 2,984, but traders should be cautious as […]
05/03/2025

EURUSD Rises to New 2025 High as Dovish Fed Deflates Dollar

Fresh bullish acceleration extends into second consecutive day and pushed EURUSD to new 2025 high (1.0559) on Tuesday. Weaker dollar on dovish shift in monetary policy outlook, as US Treasury Secretary signaled stronger policy easing, after a series of weak US economic data, with markets pricing in three 25 bp cuts this year, was the […]