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Risk appetite returned in the overnight US session yesterday, 22 April, sparked by US Treasury Secretary Bessent’s remarks that he sees a de-escalatory path forward regarding the U.S. trade standoff with China in a closed-door investor summit. All the major US stock indices erased Monday’s losses with the S&P 500, Nasdaq 100, Dow Jones Industrial […]

The post US-China De-Escalation Optimism Sparked a Relief Risk Appetite Revival appeared first on Action Forex.

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27/08/2024

Sunset Market Commentary

Markets Friday’s Jackson Hole speech by Fed chair Powell seems to have given the nod for a final holiday week stretching until the September 2nd Labour Day Holiday. US yields rebound 1.9 bps (2-yr) to 4.2 bps (30-yr), strengthening our bottoming out case after they failed to set a new bottom in the wake of […]
30/05/2024

EUR/USD: Bears Face Strong Headwinds at Key Support Zone

The Euro is consolidating in early Thursday, following a sharp fall on Wednesday (the pair was down 0.5% in the biggest daily loss since Apr 30), driven by fresh risk aversion. Bears found a footstep above strong supports at /1.0790/80 zone (top of thick daily cloud / 200DMA / Fibo 38.2% of 1.0601/1.0895 rally) and […]
20/08/2024

Pound Near July Highs: What Could Trigger a Breakout?

The slowdown in U.S. inflation and a cooling labour market have rekindled investor confidence that the Federal Reserve may soon begin cutting interest rates. As bearish sentiment towards the dollar dominates the market, key currency pairs have approached critical levels, the breach of which could spark new medium-term trends. GBP/USD Technical analysis of GBP/USD suggests […]