Logo-color Logo-white

Markets US markets were closed yesterday in observance of Veteran’s Day, thinning trading conditions at the start of the week. For now, the by default trading mechanisms are the ones put in place after US Republicans secured their hattrick last week. The dollar sets the pace in FX markets with the trade-weighted greenback (DXY) closing […]

The post Dollar Sets the Pace in FX Markets appeared first on Action Forex.

previous

RBNZ Preview: Maintaining Pace Towards the Neutral Zone

next

Trumpforia

Read More

29/11/2024

USD/JPY Tips a Toe Below 150.00 Euro CPI in Focus

The chip makers around the world felt the relief of a rumour suggesting that the sales curb to China could be less severe than previously expected. But the news didn’t necessarily translated in a strong rally. ASML – Europe’s biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year – […]
21/08/2024

USD/CAD Drops to 1.3600 Support Level

The USD/CAD chart shows the Canadian dollar strengthening against the USD to levels last seen at the end of July. On one hand, the US dollar is weakened by expectations of an inevitable rate cut. On the other, the Canadian dollar gained strength after yesterday’s inflation data: → Although the initial reaction pushed USD/CAD up […]
25/01/2024

USDJPY Dives Near 61.8% Fibonacci

USDJPY fails to surpass 148.50 resistance Rebounds off 140.20 still intact However, RSI and MACD suggest negative correction USDJPY has been struggling to surpass the 148.50 resistance level over the last five days after the upward movement from the 140.20 support level. The pair is still holding above the 61.8% Fibonacci retracement level of the […]