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Markets Bunds continued their underperformance vs US Treasuries as well as against swap. German rates add another 4 bps in a bear steepening move that’s still the result of last week’s dramatic fiscal policy U-turn. Its importance simply cannot be overstated and it’s unambiguously good news for Europe, European rates and the common currency. The […]

The post Sunset Market Commentary appeared first on Action Forex.

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US CPI Release Today: What to Expect and Market Reactions

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21/06/2024

Crypto Didn’t Dare to Grow

Market picture The crypto market failed to get on a growth path, with its capitalisation falling 1.5% to $2.35 trillion in the last 24 hours. Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn in risk appetite in global finance. Due to the link to traditional finance, the largest […]
11/11/2024

Dollar Unstoppable for Now

The dollar continues to rise on speculation of policy changes following the US election. The Dollar Index rose above 105.5 on Monday – its highest level since early July – before easing slightly in trading. The main contributors to the index’s strength are weakness in the single currency and the Japanese yen. In both cases, […]
29/05/2024

Australia: April Monthly CPI Indicator First Impressions

Stronger clothing prices, and a surprise inclusion of health insurance premium increases, offset the suppression of power bills by Tasmanian electricity rebates. The Monthly CPI Indicator gained 3.6% in the year to April compared to 3.5%yr in March and 3.4%yr in both February and January. The April print was slightly stronger than Westpac’s forecast of […]