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The Dollar continues to trend higher against the basket of its major counterparts and trades at the highest since early August during European session on Thursday. Possibility of election win by Republican candidate Donald Trump and negative impact of recent upbeat US economic data to further Fed rate cut expectations, were the key factors to […]

The post Dollar Outlook: Continues to Advance on Cooling Fed Rate Cut Bets, Trump Election Victory Expectations appeared first on Action Forex.

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15/02/2024

Australia January Labour Force: Seasonality Amplifies a Weak Underlying Trend

Employment: +0.5k (from –62.7k). Unemployment Rate: 4.1% (from 3.9%). Participation Rate: 66.8% (unchanged). January is the most seasonal time of the year for the labour market, and this year was no exception. As we had anticipated, the softening trend in labour market conditions that extended into the new year was amplified by shifting seasonal dynamics […]
30/10/2024

EUR/USD Rises as German GDP Beats Forecast

The euro is up for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0839 at the time of writing, up 0.20% on the day. Germany’s GDP for the third quarter surprised on the upside with a modest 0.2% gain. This was above the -0.1% reading in the second quarter […]
16/09/2024

EUR/USD Gains as Fed Meeting Approaches

EUR/USD is showing signs of strengthening, currently trading around 1.1088 on Monday. The pair saw significant gains at the end of last week, driven by mounting speculation over the Federal Reserve’s upcoming interest rate decision. The US dollar weakened in response to increasing expectations that the Fed might cut rates by 50 basis points in […]