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Markets Traders around the world, including in the US after Labour Day, have swapped their loungers for office chairs and governments were made well aware. Risk premia are back with a vengeance after a relatively calm summer period. The ultralong end of the curve is underperforming and the UK is once again lagging peers. The […]

The post Sunset Market Commentary appeared first on Action Forex.

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27/11/2024

Picture for EUR/USD Looks Fragile, With Return to 1.0335 Still Very Well Possible

Markets US President-elect Trump announcing he will raise tariffs on imports from Canada and Mexico by 25% and the levy on China by 10% in the end only had a limited impact on markets. Early rises in yields and the dollar were largely reversed. The US yield curve closed with the 2-y 1.2 bps lower […]
06/02/2025

GBP/USD Technical: BoE’s Hawkish Cut Priced In, But GBP Bulls Now Approaching Key Resistance

GBP/USD has rallied by 2.1% from Monday, 3 February swing low. The 2-year yield premium shrinkage between UK sovereign fixed income over the US Treasury Note may trigger a bearish reversal on the GBP/USD. Watch the key medium-term resistance of 1.2610 on the GBP/USD. Since its swing low of 1.2249 printed on Monday, 3 February, […]
05/06/2025

EUR/USD Rallies Despite 25 Bps Cut from the ECB

The Euro is rallying despite the 25bps cut from the European Central Bank from this morning. The ECB Deposit Rate is now at 2% from 2.25%. The fact that the markets had the cut priced in (well-expected) led to prices were broadly unchanged – markets seesawed but came right back to their level from the […]