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The dollar index rose on Tuesday, keeping overall positive sentiment, driven by expectations for Fed rate cut in November and recent political turmoil in the Europe, which deflated Euro. Traders look for fresh signals about the central bank’s rate cut path, with today’s release of US May retail sales to provide more details about the […]

The post US Dollar Index Outlook: Remains Constructive Ahead of Key Economic Data appeared first on Action Forex.

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22/07/2024

Safe Havens Gain Favor Amid Geopolitical Tensions and US Election Uncertainty, Gold Above $2400/oz, DXY Slips

Increased geopolitical tensions in the Middle East and US election uncertainty have caused a rise in safe-haven demand, particularly for Gold. The US Dollar has weakened due to concerns about a potential Kamala Harris presidency and its implications on the economy. Market sentiment is expected to be driven by US election developments and geopolitical issues […]
18/01/2024

Pound Doesn’t Give Up Without a Fight, Thanks to CPI

UK inflation statistics sparked a 0.8% rally in the pound on Wednesday morning, supporting GBPUSD gains against a general pull from risk assets. According to data released on Wednesday morning, the General Price Index rose by 0.4% for December against an expected 0.2%. Annual inflation accelerated to 4.0%, the first rise in 10 months. The […]
29/05/2024

Sunset Market Commentary

Markets With US and UK markets closed for a holiday yesterday, markets still showed some Monday-like slow trading dynamics today. German yields are changing less than 2 bps across the curve. Inflation expectations in the ECB April consumer survey declined slightly further (2.9% from 3.0% 1-year, 2.4% from 2.5% 3-year). Still this wasn’t really able […]