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In focus today This morning, the Danish statistics office will release the consumer confidence indicator for December. In November, consumer confidence improved, although sentiment was still overall negative at -10.3. The labour market is still going strong, and inflation was low in November. Given the high expected wage growth, consumers’ purchasing power is increasing. This […]

The post Rate Cut Optimism Continues to Lift Risk Sentiment appeared first on Action Forex.

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22/03/2024

USD/JPY Could Extend Rally As Dips Turn Attractive

Key Highlights USD/JPY rallied above the 148.80 and 150.00 resistance levels. A connecting bullish trend line is forming with support at 150.50 on the 4-hour chart. Crude oil prices corrected gains and traded below $81.50. Bitcoin attempted a fresh increase above the $65,000 resistance zone. USD/JPY Technical Analysis The US Dollar started a major increase […]
17/08/2024

Weekly Focus – From Fear of Inflation to Fear of Slowdown

Over the summer, we have seen big moves in financial markets largely reflecting conflicting views of the US economy. During the first half of 2024, markets were often driven by concerns about persistently high US inflation and the implication that it would be difficult for the Fed to reduce interest rates. However, the last three […]
09/04/2024

AUD/USD: Aussie Dollar Keeps Bullish Bias ahead of US Inflation Report

AUDUSD is trading within a narrow range on Tuesday morning but keeps slight bullish bias following Monday’s 0.5% advance and a positive signal on daily close above 0.6597 (100DMA / Fibo 61.8% of 0.6675/0.6480 bear-leg). Aussie dollar was boosted by rise in iron ore, but markets are likely to reduce the speed until release of […]