Logo-color Logo-white

The dollar index firmed in early Tuesday trading and pressuring the peaks of recovery leg from 105.37 (Dec 6 low). Although last Fri/Mon action was shaped in Doji candles and signaled indecision, this was likely a consolidation before recovery resumes. Fresh bulls probe through cracked Fibo barrier at 106.71 (50% retracement of 108.04/105.37 pullback) with […]

The post Dollar Index Outlook: Prolonged High Fed Rates Expected to Boost Dollar appeared first on Action Forex.

previous

EURGBP Elliott Wave Analysis: Decline Forecast from Equal Legs Area

next

Pound Steady After Hot UK Wage Growth, CPI Next

Read More

31/10/2024

Bank of Japan Delivered Much-Anticipated Status Quo

Markets “Overall borrowing between 2024-25 and 2028-29 is higher than the March forecast by £142.2 billion, an average of £28.4 billion a year. This represents one of the largest fiscal loosenings of any fiscal event in recent decades.” It’s the UK Office for Budget Responsibility’s summary of Chancellor Reeves autumn Budget yesterday. UK gilts initially […]
04/12/2023

US Jobs Data Eyed Ahead of Next Week’s Fed Rate Decision

The next couple of weeks could be massive for financial markets going into 2024, with a range of data from the US in the coming days setting us up nicely for the Fed meeting on the 13th. The standout event is the jobs report on Friday, with the Fed still seemingly of the view that […]
09/04/2024

Could ECB Adopt Its June 2022 Playbook and Preannounce a Rate Cut?

The ECB meets on Thursday with strong indications for a dovish tilt Low chances of a rate cut being announced this week The euro could enjoy a short-term rally against the US dollar if ECB proves hawkish Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT The ECB meets this week […]