US benchmark treasury yield jumped sharply overnight after Fed Chair Jerome Powell gave green light to more aggressive tightening pace. He said, “there is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level, and then to move to more restrictive levels if that is what is […]
The post Fed Powell hints on 50bps hike next, 10-year yield surges appeared first on Action Forex.
Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 159.74 will target a retest of 161.94. Firm break there will confirm Read more…
Headline CPI inflation cooled in February to 1.8% year-on-year (y/y) slightly below consensus expectations. The GST/HST break ended partway through February 2025, which lead to large price increases in that month, but puts downward pressure Read more…