Logo-color Logo-white

The Dollar made a crucial technical breakdown the previous week following a public admission from the Fed of a policy reversal. The Fed’s comments and subsequent press conference pressed the Dollar index under its 200-day moving average. The decline continued on Thursday as neither the Bank of England nor the ECB acknowledged that they were […]

The post Market’s Move Back to Reality May Heal the Dollar appeared first on Action Forex.

previous

Crude: Temporary Recovery Has Room for $75

next

Gold Retraces Lower after Hitting Crucial Ascending Trendline

Read More

15/12/2023

Cliff Notes: An Abrupt Change in Expectations

Key insights from the week that was. The latest edition of the Westpac-Melbourne Institute survey pointed to consumer sentiment remaining near its historic lows in December, the index rising just 2.7% to 82.1 compared to a long-run average of 100.8. The probability of further rate hikes may be dwindling, but consumers find themselves under considerable […]

Week Ahead – BoJ Meets for the Last Time in 2023, US Core PCE and UK CPIs Also On Tap

Yen traders await BoJ decision for pivot clues US core PCE index the highlight of the US agenda UK CPI numbers to be the pound’s next test Loonie and aussie await Canada’s CPIs and RBA minutes Will BoJ policymakers hint at the end of negative rates? Following a barrage of central bank decisions this week […]
03/05/2024

WTI Crude Oil Wave Analysis

WTI broke round support level 80.00 Likely to fall to support level 76.00 WTI crude oil recently broke the round support level 80.00 (which has been reversing the price from the middle of March) standing close to the 38.2% Fibonacci correction of the upward impulse from February. The breakout of the support level 80.00 accelerated […]