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Forecast: What to Expect from the Euro and Dollar in 2024 Traditionally, we publish currency forecasts from leading global financial institutions at the turn of the outgoing and incoming years. Having maintained this practice for several years, it enables us to not only peer into the future but also to reflect on past predictions by […]

The post Forecast: What to Expect from the Euro and Dollar in 2024 appeared first on Action Forex.

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20/04/2024

Eurozone PMIs Eyed as Euro’s Focus Turns to Rate Cuts Beyond June

Eurozone appears to be on the mend but ECB still on track to cut in June For the euro, rate outlook beyond June increasingly more important Flash PMI readings for April are due on Tuesday, 08:00 GMT Will PMIs confirm tepid recovery signs? The euro area economy stagnated in the middle of 2023 but narrowly […]
05/04/2024

Weekly Focus – Decent Data Over Easter Dampen Rate Cut Expectations

Positive data surprises especially in the US have continued to mostly drive interest rates higher and the USD stronger over the last two weeks. Americans increased their consumption by 0.4% in February and reduced their savings rate to its lowest level since December 2022, while the ISM survey showed a clear positive surprise in March […]
15/08/2024

Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges

Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize? Gold prices rebounded after a post-CPI […]