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The euro has stabilized on Monday after sustaining sharp losses on Friday. In the European session, EUR/USD is trading at 1.0656, up 0.14%. The US dollar posted strong gains last week against the majors and surged 1.8% against the euro, which fell to a six-month low. Eurozone industrial production rebounded 0.8% m/m in February following […]

The post Euro Ends Slide as Industrial Production Rebounds appeared first on Action Forex.

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20/08/2024

Dollar on the Edge

The US dollar has fallen to its lowest levels of the year, losing more than 2.3% from its August peak and around 4% since early July as expectations of a Fed rate cut in September began to be priced in. The dollar index has retreated to 101.7, reflecting growing expectations of Fed easing. Although the […]
24/05/2024

Japanese Inflation Falling Towards BoJ 2% Inflation Target

Markets Core bonds fell yesterday with German Bunds marginally underperforming US Treasuries. A solid European May services PMI (unchanged at 53.3) and an improving manufacturing one (47.4 from 45.7) coupled with record-matching Q1 wage negotiations (picking up from 4.5% to 4.7%) hurled German yields between 4.2 and 7.4 bps higher. The front of end of […]
04/09/2024

US 100 Index Under Pressure

US 100 index drops, reversing the August rally Nvidia woes keep sentiment negative Momentum indicators are turning bearish The US 100 cash index is in the red again today, trading back below the 100-day simple moving average (SMA) and having surrendered half of its August gains. Nvidia’s underperformance is keeping the index under pressure with the […]