Financial markets are clinging to positivity on Monday morning after a modest rise on Friday. Robust US labour market data reinforced expectations that the Fed will press the monetary policy brake harder. However, this news is countered by optimism that a strong labour market will allow the economy to avoid a recession by providing a […]
The post Markets Tilted Towards Optimism, a Possible Bull Trap appeared first on Action Forex.
I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…