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The selloff in US equities eased yesterday as pressure in the bond space declined. But the news is far from reassuring for a sustainable relief: US politicians continue to turn a blind eye to the stress building in the sovereign bond space. The House of Representatives passed Trump’s ‘beautiful’ tax bill yesterday—with just one vote. […]

The post US Bond Selloff Cools, But Risks Prevail appeared first on Action Forex.

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USD/CAD Rate Drops Towards Yearly Lows

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22/05/2024

Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles

GBP/USD is gaining pace above the 1.2640 resistance. EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2700. There is a key bullish trend line forming with support near 1.2690 on the hourly chart of GBP/USD at […]
14/12/2023

Dow Futures (YM) Breaking to New All-Time High

Dow Futures (YM) has broken to new all-time high, suggesting the trend remains firmly bullish. It also suggests the next bullish cycle has started. Short term, rally from 11.10.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 11.10.2023 low, wave ((i)) ended at 36337 and dips in wave […]
21/09/2024

The Weekly Bottom Line: Canada – Inflation Hits the Mark

U.S. Highlights The Federal Reserve started its easing cycle with a bang, reducing the policy rate by 50 basis points (bps), bringing the target range to 4.75%-5.0%. Futures markets are pricing an additional 75 bps of cuts by year-end, slightly more than the updated median FOMC forecast, which shows another 50 bps of cuts. Economic […]