Logo-color Logo-white

The dollar holds in a sideways mode vs the basket of major currencies for the second straight day, as US September CPI data cooled expectations for another Fed jumbo rate cut, though the sentiment is still bullish and keeps the greenback afloat. Markets digested the latest key economic data which showed slightly hotter than expected […]

The post Dollar Index – Bulls Pause After US Data and Look for Fresh Direction Signal appeared first on Action Forex.

previous

What’s in Store for Gold in Q4?

next

Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Read More

05/11/2024

Australian Dollar Jumps on Hawkish RBA

The Australian dollar has posted strong gains on Tuesday. In the European session, AUD/USD is trading at 0.6624, up 0.59% on the day. RBA holds rates, stays hawkish Nobody should have been surprised that the Reserve Bank of Australia maintained interest rates on Tuesday. The hold was widely priced in by the markets and marked […]
17/05/2024

USD/JPY: Facing Uphill Battle Amid Market Challenges

Key Highlights USD/JPY tested the 153.50 support and recovered losses. A key bearish trend line is forming with resistance at 156.00 on the 4-hour chart. EUR/USD gained pace for a move above the 1.0800 resistance. Bitcoin climbed higher and tested the $66,500 resistance zone. USD/JPY Technical Analysis The US Dollar started a sharp decline from […]
14/08/2024

GBP/USD Shrugs as UK CPI Rises Less Than Expected

The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but below the market estimate of 2.3%. Perhaps […]