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Dollar elevated even as Fed leaning towards December cut Investors still see strong chance for a January pause Strong jobs numbers could add fuel to dollar’s engines The data comes out on Friday at 13:30 GMT Investors are still expecting a Fed pause in January The US dollar recharged this week, confirming the notion that […]

The post Will Nonfarm Payrolls Determine Dollar’s Fate? appeared first on Action Forex.

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29/05/2024

WTI Oil: OPEC+ Likely to Keep Its Production Cut and Further Support the Price

WTI oil price rose further on Wednesday, extending advance into fourth straight day, following strong acceleration on Tuesday, which resulted in a daily gain of 2.1% and close above important barriers at $79.83/$80.00 (200DMA / psychological). Bulls cracked next pivot at $80.52 (Fibo 38.2% of $87.61/$76.13), with close above this level to validate bullish signal […]
29/07/2024

AUD/USD Gains Amid Anticipation for Key Economic Data

The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data. In the past two weeks, the AUD, in the currency pair with the USD, has fallen more than 3%. This happened amid a global sell-off in risky assets and also […]
02/09/2024

Australian Dollar Declines Amid US Dollar’s Strength

The AUD/USD pair dropped significantly to 0.6764 at the start of the week, primarily driven by a strengthening US dollar rather than an inherent weakness in the Australian dollar itself. This shift in the currency pair’s dynamics is primarily attributed to the latest Core PCE inflation data released last Friday, which moderated market expectations regarding […]