Logo-color Logo-white

Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar has been under pressure since late June as the Fed noted progress in reducing inflation. Money markets readily accepted this signal, giving a […]

The post Dollar Bears Paused, Breaking the Uptrend appeared first on Action Forex.

previous

Analysis of XAU/USD: Gold Price Falls for 4 Consecutive Days

next

EUR/JPY Outlook: Collapses to Five-Week Low on BoJ Rate Hike Signals

Read More

09/07/2024

All Eyes on Powell

Most European indices including the British big caps closed Monday’s session in the negative. The French CAC 40 underperformed its peers with a 0.63% loss in the session after an attempt to the highest level in almost a month on worries that a political gridlock in France would complicate the picture and make things slow […]
26/01/2024

Money Markets Added to ECB Easing Bets

Markets ECB president Lagarde’s “I stand by the comments made in Davos” did little to impress markets. They even interpreted it the other way around as if the ECB chair went slightly off-script at the World Economic Forum (“summer seems to be right time to start cutting policy rates”). Comments about downside economic risks, a […]
26/07/2024

Cliff Notes: Waiting for a Clear Signal

Key insights from the week that was. In Australia, a scant local data calendar left participants mulling over the possibilities for next week’s crucial Q2 CPI update. Our preview provides the detail behind our forecasts. Food, health and housing are expected to be the main contributors to our headline inflation forecast of 1.0% (3.8%yr); housing […]