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The Federal Reserve’s policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a […]

The post Markets Weekly Outlook – S&P 500 in Focus as Markets Brace for Holiday Lull appeared first on Action Forex.

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07/11/2024

Dollar Index Outlook: Dollar Eases from New Multi-Month High in Likely Positioning for Fed Rate Decision

The Dollar Index eases from new four-month high (105.33) posted on Wednesday’s sharp rally (the biggest daily gain in two years) on news of Trump’s election victory. Partial profit-taking pushed the price lower, but the dollar keeps firm tone (daily studies remain in full bullish setup) suggesting that current dip is just positioning for fresh […]
03/03/2024

Week Ahead – ECB Decision and US Payrolls to Steal the Show

Nonfarm payrolls and Powell’s testimony will be crucial for US dollar European Central Bank could set the stage for summer rate cuts Bank of Canada decision and UK budget announcement also in focus Dollar braces for US payrolls  Riding high on a wave of US economic resilience, the dollar is currently the best-performing major currency […]
23/07/2024

AUDUSD Tumbles Below Key 0.6690 Zone

AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared the key barrier of 0.6690. Now, the pair is back within the […]