Fed Chair Jay Powell stole the limelight in his testimony to the Senate and despite all we’ve heard, pricing for the July FOMC meeting hasn’t shifted – the markets expect a further 75bp of hikes. What we’ve seen is solid buying in the US treasury market (2yr USTs were -14bp), while commodity markets evolve to […]
The post Disinflationary Message Seen in Commodities and Rates Markets appeared first on Action Forex.
Key Highlights Ethereum climbed higher toward $2,450 before the bears appeared. A bullish trend line is forming with support at $2,100 on the daily chart of ETH/USD. Bitcoin price seems to be facing hurdles near Read more…
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Gold and Silver are not responding to Dollar—and that is a warning signal. Despite a weaker USD at the start of the week, both Gold and Silver have failed to attract meaningful buying interest, trading Read more…