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Focus this week has been on the increase in interest rates and the decline in market expectations for central bank rate cuts that were initiated by the strong US job market report late Friday last week. While the headline numbers were very strong, we stress that the underlying details were softer. Average weekly hours worked […]

The post Weekly Focus – Higher Rates and Central Bank Pricing appeared first on Action Forex.

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20/02/2024

Bitcoin and Ether in Area of Light Resistance

Market picture The crypto market capitalisation reached $1.99 trillion, according to CoinMarketCap estimates, an increase of over 10% in one week. Forbes estimates that the $2 trillion mark was reached last week. Either way, the growth momentum is clear and very strong. Over the last 24 hours, Bitcoin gained 1.4%, overtaken by Ethereum (+4.4%) and […]
14/06/2024

USD/JPY’s Upward Trajectory: Can the Pair Hit New Peaks?

Key Highlights USD/JPY is holding gains above the 156.20 support zone. A major bullish trend line is forming with support at 156.50 on the 4-hour chart. Gold prices are again slipping lower toward the $2,280 level. EUR/USD failed to recover above the 1.0850 resistance zone. USD/JPY Technical Analysis The US Dollar remained well-supported above the […]
03/01/2024

Dollar Loved the Combination of Higher Yields and Some Risk Aversion

Markets Core bonds started the year on the backfoot, extending the U-turn which started in the final trading week of the year following an astonishing December rally. German yields rose by 4.4 bps (10-yr) to 5.5 bps (2-yr) while US yields added 4.3 bps (30-yr) to 7.9 bps (3-yr). From a technical point of view, […]