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The Dollar Index has climbed 4.5% over the past four weeks, a movement that’s not unusual compared to longer and sharper rallies in recent years. However, what stands out is that equities and gold are also on the rise alongside it. It’s probably more accurate to talk about a decline in competitors rather than a […]

The post Not a Stronger Dollar, But Weaker Others appeared first on Action Forex.

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EUR/USD Still At Risk of More Downsides Below 1.0750

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16/04/2024

Bitcoin Price Recovers But Upsides Could Be Limited

Key Highlights Bitcoin price started a fresh decline below $68,000 and $65,000. BTC is facing hurdles near $68,000 and a bearish trend line on the 4-hour chart. Crude oil price corrected gains below $86.20. Gold price also dipped below the $2,380 and $2,365 support levels. Bitcoin Price Technical Analysis Bitcoin price failed to stay above […]
10/12/2023

Forex and Cryptocurrencies

EUR/USD: Continuation of the Rate War The labour market and inflation: these are the factors that Central Banks closely monitor when making decisions regarding monetary policy and interest rates. It is sufficient to recall the significant shift that occurred after the publication of October’s inflation data in the United States. In November, the dollar weakened […]
02/08/2024

Bank of England Joins Central Bank Rate Cut Club

Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also somewhat cautious, for now likely arguing against a steady series of rate […]