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Major stock indices across Europe and US were up on Thursday, after a few good-looking earnings across both continents including Hermes, Barclays, Unilever and Renault in Europe and Tesla and UPS in the US, gave a smile to investors after three cloudy sessions. The S&P500 gained 0.21% while Nasdaq 100 rebounded 0.83%. Tesla jumped almost […]

The post Divergence Between Euro and US Dollar Outlook appeared first on Action Forex.

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04/07/2024

Market Analysis: AUD/USD and NZD/USD Set for Steady Gains

AUD/USD is correcting gains from the 0.6735 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.6120. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6735 against the US Dollar. There is a key bullish trend line forming with support at […]
30/11/2023

Gold Breaks To New Highs. What Is Expected In December?

Gold prices, reaching the highest since May 5, are consolidating as traders await the US PCE Price Index, a key inflation indicator. The upcoming data could impact the Fed’s policy, influencing the demand for the US Dollar and providing direction for gold. The Greenback sees some repositioning, recovering modestly ahead of the data risk. A […]
02/08/2024

Bank of England Joins Central Bank Rate Cut Club

Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also somewhat cautious, for now likely arguing against a steady series of rate […]