Markets With investors counting down to the Fed policy decision on Wednesday, yields moving further south still was the path of least resistance on US (and EMU) interest rate markets. Maybe a bit strange that when discussing a jumbo rate cut at the start of the easing cycle, the long end of the US yield […]
The post Further Loss of Interest Rate Support Makes South the Path of Least Resistance for Dollar appeared first on Action Forex.
Daily Pivots: (S1) 0.6462; (P) 0.6504; (R1) 0.6528; More… AUD/USD’s fall from 0.6941 resumed by breaking through 0.6511 support and intraday bias is back on the downside. Further decline should now be seen to 0.6269/6348 Read more…
Daily Pivots: (S1) 1.3951; (P) 1.3977; (R1) 1.4025; More… USD/CAD surges through 1.3976 key resistance as larger up trend resumes. Intraday bias is back on the upside. Next near term target is 61.8% projection of Read more…
Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only Read more…