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The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday. Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact. Technical picture on daily chart remains bullish, as MA’s are in bullish setup, positive momentum is strong and price action underpinned […]

The post Dollar Index: Bullish Bias Above Daily Cloud, US Inflation Data in Focus appeared first on Action Forex.

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Canadian Dollar Eyes Inflation Release

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17/06/2024

US 500 Index Eases After the Climb to New High

US 500 index calms near the 261.8% Fibonacci extension level RSI and Stochastics are flattening The US 500 (cash) index has been moving with weak momentum over the last couple of sessions after the surge towards a new record peak of 5,449.73, holding near the 261.8% Fibonacci extension level of the up leg from 4,924 […]
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Wolf in Sheep’s Clothing: Soft GDP Hides Surging Spending

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16/07/2024

Canadian Inflation Eases, But Details a Mixed Bag

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