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The Dollar Index keeps firm tone early Thursday following 0.7% bounce previous day, on another failure to sustain break below psychological 100 support. The greenback was lifted by headwinds from 100 zone and improving sentiment, as traders’ view on Fed rate outlook turned hawkish despite dissonant tones from the latest speeches of Fed officials. The […]

The post Dollar Index Outlook: Remains Firm Ahead of US Economic Data and Speeches from Top Fed Officials appeared first on Action Forex.

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11/10/2024

700 Reasons to Expect Higher Real Rates on Average

Now that central banks are cutting rates, the question of where they will stop comes into focus. Real rates have trended down for decades, but a very long-term view supports our thesis that rates will average higher in future than they did pre-pandemic. Most peer central banks are already cutting rates and some are front […]
09/10/2024

Rising Treasury Yields Attract Dollar Interest

The dollar index has been on an upward trajectory since late September. Still, the currency market has been late in joining the move in US long-term bonds, where yields are rising following the Federal Reserve’s decisive easing. The idea behind this dynamic, while atypical, is quite simple: decisive interest rate cuts will boost economic growth […]
15/12/2023

USDCAD Plummets Below Crucial Trendline

USDCAD posts a fresh 2½-month low in today’s session Decline shows no signs of easing after break below 200-day SMA Momentum indicators are pointing at an overstretched retreat USDCAD has been constantly losing ground following its 13-month high of 1.3898 on November 11. Moreover, the pair dropped to its lowest levels in more than two months on […]