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Throughout 2024, the US dollar traded with mixed dynamics but showed consistent strengthening over the past three months. According to WSJ and Reuters, the following factors contributed to this growth: → Reports of a strong US economy and expectations that further interest rate cuts by the Federal Reserve will be limited. → Projections of policies […]

The post Dollar Index Rises by 6.7% in 2024 appeared first on Action Forex.

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09/03/2024

Weekly Focus – Rate Cuts on the Horizon

This week, we published our updated economic projections for the major economies and the Nordics, see Nordic Outlook – Return to Nordic growth, 5 March. While political risks remain high, the global economy is performing better than feared. The Nordic economies are currently in stagnation or mild recession, but our forecasts point to gradual return […]
14/11/2024

AUDUSD Remains in Red; Sellers Seem Cautious

AUDUSD charts new low after disappointing jobs data Short-term outlook remains bearish; sellers eye 0.6470 support AUDUSD continues its bearish slide, hitting a three-month low of 0.6458 in the wake of weaker-than-expected Australian jobs data early on Thursday. Having slumped below the key support trendline that delivered two impressive bullish cycles earlier this year, the […]
12/01/2024

AUDJPY Wave Analysis

AUDJPY reversed from resistance level 97.45 Likely to fall to support level 96.00 AUDJPY currency pair recently reversed down from the resistance level 97.45 (which has been reversing the pair from the middle of December). The resistance level 97.45 was strengthened by the upper daily Bollinger Band. AUDJPY can be expected to fall further to […]