Logo-color Logo-white

The US dollar accelerated its decline against its major peers, losing almost 2% to 107.1 this week before trimming some losses. Fundamentally, behind the dollar’s corrective pullback is the resurgence of expectations that the Fed will cut its key rate once or twice later this year. We recall that in early January, markets were pricing […]

The post Dollar’s Accelerated Decline and Indices’ Growth appeared first on Action Forex.

previous

Weekly Focus – Sell the Rumour, Buy the Fact?

next

Weekly Economic & Financial Commentary: 100 Basis Points Lower & 100 Basis Points Higher

Read More

24/04/2024

AUD/USD Extends Gains as Inflation Higher Than Expected

The Australian dollar has edged higher on Wednesday. In the European session, AUD/USD is trading at 0.6504, up 0.27%. The Australian dollar rose as high as 0.6529 (0.64%) after the Australian inflation release but has pared about half of those gains. Australia’s inflation dips less than forecast Australia’s inflation rate slowed less than expected in […]
20/07/2024

Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility

This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with Euro Area and UK PMI data, and potential Chinese economic measures will […]
25/01/2024

Silver Wave Analysis

Silver reversed from support level 22.00 Likely to rise to resistance level 23.500 Silver recently reversed up from the key support level 22.00 (which reversed the daily Morning Star in November as can be seen below). The support level 22.00 was strengthened by the lower daily Bollinger Band and by the support trendline of the […]