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Markets US yields gave up a couple of basis points from Friday’s surge yesterday in choppy trading. The move end last week was inspired by the May payrolls report not delivering a feared-for downside surprise and news of imminent trade talks between the US and China. These discussions kicked off yesterday in London, will continue […]

The post Tonight’s $58bn 3-Year Auction Serves as a First Indication for Investor Appetite for US Bonds appeared first on Action Forex.

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09/05/2025

Bank of England Lowers Rates, UK-US Trade Deal, Pound Rises

It’s a busy, busy day in the UK. The Bank of England has lowered interest rates and the UK and US are poised to announce a trade agreement to reduce tariffs. The British pound has not showed much reaction to all the news. In the North American session, GBP/USD is trading at 1.3340, up 0.40% […]
27/11/2024

EUR/USD Steady Ahead of Major US Data Releases

EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes. The Federal Reserve signalled a potential pause in rate cuts if inflation reaccelerates but also indicated readiness to continue easing if economic indicators weaken. Today promises heightened activity for EUR/USD due to a slew of US economic data releases. […]
23/05/2025

Elliott Wave Analysis: Ethereum (ETHUSD) Likely Extending in Wave 5

The short-term Elliott Wave analysis for Ethereum (ETHUSD) indicates that a bullish cycle, initiated from the April 9, 2025 low, is unfolding as a five-wave impulse structure. Starting from this low, wave (1) concluded at $1,687.20, followed by a corrective pullback in wave (2) that ended at $1,473. Ethereum then resumed its upward trajectory in […]