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Looking at recent moves in major currency pairs, it’s clear that market participants have come to terms with Donald Trump’s victory in the U.S. presidential election and are starting to prepare for changes to the global economic landscape. Among the new president’s campaign promises was the introduction of additional tariffs on imports to the U.S. […]

The post Euro Hits Yearly Lows, Pound Dips Below 1.2800 appeared first on Action Forex.

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16/05/2024

Sunset Market Commentary

Markets Since the May 1 Fed decision/communication dominos fell in place for markets to embrace a correction on the April higher-for-long rally in US (and broader) yields. Despite US inflation holding sticky, Fed Chair Powell ‘reassured’ markets that policy was tight enough. Slow progress in inflation only caused to Fed to delay a first rate […]
15/04/2024

Crypto Let Off Steam Rather than Start a Reversal

Market picture It was a non-boring weekend for the cryptocurrency market. Market sentiment swung sharply towards buying the dollar and selling stocks, gold, and cryptos on Friday afternoon. Also operating over the weekend, the crypto market accelerated its decline on Saturday, with capitalisation falling to $2.2 trillion (-18% from Monday’s peak) but began to recover […]
17/10/2024

Dollar Outlook: Continues to Advance on Cooling Fed Rate Cut Bets, Trump Election Victory Expectations

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 […]