Logo-color Logo-white

The US dollar’s recovery continues, and other markets are starting to notice. The dollar index is up 1.4% to 101.7, having found support twice in the first half of last week before falling to 101.4. The bounce has seen the dollar recover a quarter of the anti-rally from its peak in late July to the […]

The post Dollar: Rebound or More? appeared first on Action Forex.

previous

Wary Crypto Market

next

Weak Swiss Inflation Paves the Way for Further Rate Cuts

Read More

24/05/2024

Australian Dollar Rapidly Depreciates

The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar’s robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any interest rate cuts. The minutes from the Fed’s recent meeting have revealed concerns among policymakers about the […]
07/08/2024

A Hawkish RBA Could be a Role Model for Other G10 Banks

The Reserve Bank of Australia kept its cash rate on hold at a 12-year high of 4.35%, as widely expected by markets. In a statement along with the decision, the RBA noted that inflation is still well above its target range of 2-3%. Price growth has stabilised in the 3.5-4.0% range since December last year, […]
17/09/2024

USD ahead of the Fed decision: EURUSD and GBPUSD Technical Outlook

Fundamental Analysis This week, September 16-20, 2024, is key for the USD, with the Federal Reserve meeting in the spotlight, taking place between Tuesday, September 17, and Wednesday, September 18. Currently, according to the CME’s FedWatch tool, the probability of a 25-basis-point cut is 41%, while the chance of a more aggressive 50-basis-point cut stands […]