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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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01/12/2023

EUR/GBP: Steep Fall Extends Below Thick Daily Ichimoku Cloud

EURGBP continues to trend south and hit new 3 ½ month low on Friday, in extension of steep and uninterrupted downtrend from 0.8765 (Nov 16 peak). The pair is on track to complete the second week of heavy losses, after November’s close in red marked the biggest monthly loss since May. Fresh signals that the […]
12/07/2024

Japanese Yen Surges: Potential Intervention Amid Inflation Shocks

The USD/JPY pair experienced a significant drop to 159.06, driven by sharp declines following the release of unexpectedly low US inflation figures and potential interventions from Japanese authorities. On Thursday, the pair plunged nearly 3%, prompted by US inflation data and rumours of Tokyo’s intervention to bolster the yen, which is nearing 38-year lows. Masato […]
16/01/2024

Could the Market Price in an ECB Rate Cut in March?

Data have to turn quickly negative for the March gathering to become live Market assigns only 30% chance for a March move; April rate cut is a done deal January concludes with preliminary PMIs and the January 25 ECB meeting Despite the upside surprise at the December inflation report, the market remains convinced that the […]