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Markets US payrolls and the Manufacturing ISM caused quite some intraday volatility on Friday but in the end didn’t change the broader market picture in any profound way. The US economy in October only added 12k jobs versus a 100k rise expected. However, the outcome was materially distorted by hurricanes and by a major strike […]

The post Dollar Ceding Ground, Probably on Headlines Referring to Harris Taking Lead in Battleground State of Iowa appeared first on Action Forex.

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11/10/2024

US Dollar Index (DXY) Outlook: Dollar Bulls to Take a Breath or PPI Data to Extend Rally?

The US Dollar Index (DXY) is in an intriguing position after mixed price action and ahead of PPI data. The future of the dollar may be influenced by external factors like oil prices and Middle East tensions. Technically, the DXY is facing resistance and a potential pullback, but underlying fundamentals remain supportive. The US Dollar […]
12/10/2024

Weekly Focus – ECB to Cut Rates Again Next Week

Sentiment has been positive this week as markets continue to digest the strong US jobs report from the previous week, and as the conflict in Middle East has not escalated further. On the latter, Israel could launch its revenge attack against Iran any minute. A decision to target a high-ranking Iranian official or any of the […]
30/07/2024

Sunset Market Commentary

Markets A slew of European data hit the wires today and after wrapping up this report some more are scheduled for release in the US (JOLTS, consumer confidence). GDP Q2 growth numbers were due in Hungary and the Czech Republic (see below), in core countries including Germany & France and the European periphery (Spain & […]