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The dollar remains in strong bullish acceleration for the third consecutive day, boosted by expectations that Trump’s victory in the US presidential election would boost the economy and ease pressure on Fed, while fading expectations for aggressive rate cuts in coming months, added support the US currency. The dollar index, which tracks performance of US […]

The post US Dollar Index Outlook: Dollar Rises Further on Less Aggressive Fed Rate Cut Outlook appeared first on Action Forex.

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29/10/2024

Sunset Market Commentary

Markets The busy eco calendar kicked off today with US JOLTS job openings and consumer confidence. The former missed the bar. The August reading was revised down from 8.04mln to 7.86mln and job vacancies came down further in September to 7.44mn, way off the 8mn mark. It was the lowest reading since early 2021 and […]
28/08/2024

AUD/USD Outlook: Lacks Strength to Hold Gains on Above Forecast Australian CPI

AUDUSD hit new 8-month high in Asian session on Wednesday, lifted by higher than expected Australian July CPI, but was so far unable to hold gains above 0.6800 mark. Although subsequent dip was shallow, it sends initial warning that larger rally from 0.6348 (Aug 5 spike low) might be running out of steam. Triple consecutive […]
30/05/2024

OPEC+ Supply Cuts to Stay, But Patience Might Start Running Out

OPEC+ oil producers might extend current supply cuts on Sunday June 2 Deeper cuts could be acceptable by major members but probably not for long Plans for capacity increases might cause some divisions within the group Geopolitical tensions, China outlook, and Fed rate cut path to move oil prices too An agreement seems to be on the table already OPEC […]