Logo-color Logo-white

Dollar The dollar index corrected after four consecutive weeks of gains. This is typical when national currencies and bond markets come under pressure ahead of important elections. The U.S. is facing this right now, although the dollar is often seen as a safe haven in times of market turmoil. In this case, gold and cryptocurrencies […]

The post Gold & Dollar: Safe-Haven Retreats appeared first on Action Forex.

previous

U.S. Personal Income and Spending Growth Picks Up in September

next

Cliff Notes: A Step Behind, But With Goal in Sight

Read More

30/01/2024

EURJPY Starts a New Bearish Cycle

EURJPY trims January’s gains within bullish channel Short-term risk skewed to the downside EURJPY started a new bearish cycle within a short-term upward-sloping channel, pulling from a one-and-a-half month high of 161.85 to reach a low of 159.20 on Tuesday. Technically, the 78.6% Fibonacci retracement of the previous downleg halted January’s rally, with the 20- and […]
25/06/2024

ICYMI: Monday Market Breakdown

The US Dollar (USD) declined during Monday’s European session as political concerns in Europe receded, shifting focus to France’s upcoming election. This reduced safe-haven demand for the USD. Meanwhile, the Japanese Yen (JPY) continued to weaken against the USD, nearing the critical 160.00 level, which previously triggered intervention by Japan’s Ministry of Finance. Economically, lighter […]
30/05/2024

LT Yields Continue Recent Reacceleration

Markets LT yields yesterday continued recent reacceleration. This tells at least as much on current market momentum as on the news that served as an explanation. Regional German May inflation published throughout the day were soft (0.1% M/M). At 0.2% M/M HICP inflation also decelerated markedly (0.6% in April), but due to base effects, Y/Y […]