Markets The dust settled somewhat after Fed chair Powell’s “the time has come” speech in Jackson Hole prompted an almost 9 bps decline in US yields last Friday. The front end of the curve outperformed, drawing comfort from Powell implicitly leaving all options open, including supersized (eg. 50 bps) rate reductions in September or later. […]
WTI oil price eased further in early Monday trading, after last week’s multiple upside rejections at the base of daily Ichimoku cloud ($79.00) left a weekly bull-trap, prompting traders for a partial profit-taking. All eyes are on inauguration of the US President Donald Trump and a number an executive orders he promised to sign in […]
The post WTI Oil Price Eases from New Highs as Market Awaits Fresh Signals appeared first on Action Forex.
Share
