Markets A dovish Powell – or the absence of a hawkish one – lifted core bonds for a second day straight. Treasuries outperformed thanks to an acceleration in early US dealings. A mixed bag of (second tier) economic data left neither significant nor permanent marks. US yields eased between 2.1 (30y) and 8.8 bps (2y). […]
The post After Hawkish Fed Repositioning During April, Short Term Market Risks Skewed Towards Dovish Side appeared first on Action Forex.
Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…
Australia’s monthly CPI was unchanged at 2.1% yoy in October, below expectations of a rise to 2.5% yoy. This marks the lowest annual inflation rate since July 2021. Core inflation metrics presented mixed signals, with Read more…
Key Highlights WTI Crude Oil prices are struggling to clear the $71.20 resistance zone. A connecting bearish trend line is forming with resistance at $70.90 on the 4-hour chart. Bitcoin corrected gains and traded below Read more…