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Global markets are reacting to shifts in central bank policies, with the US dollar strengthening and rate cut expectations changing. The upcoming week will be busy with the IMF meeting, PMI data releases, central bank announcements, and US earnings reports. The US Dollar Index is in focus as technical factors may play a more significant […]

The post Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda appeared first on Action Forex.

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Weekly Economic & Financial Commentary: U.S. Dollar Gains on Re-Think of Fed Policy Easing

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14/10/2024

S&P 500 Reaches Another Record High

As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the leading US stock index set its 45th record of the year, closing above 5800 on Friday. This marks the fifth consecutive week of growth, with the index up more than 22% since the start of the year. According to Reuters, the […]
26/07/2024

Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support

Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and rate cut expectations support oil prices. Oil prices faced challenges yesterday until buying pressure during the US session prevented […]
23/07/2024

Outcome of Expected Contest Between Trump and Harris Too Early To Call

Markets US President Biden stepping out of the presidential election race dominated press/market headlines yesterday. Still, the direct impact on global trading was modest after all. For now, the outcome of an expected contest between Donald Trump and Kamala Harris is too early to call. It is even more difficult to assess the concrete impact […]