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Fundamental Analysis This week we will have a few high-impact data releases from the economic calendar. Still, the focus will be on several speeches by Fed officials, with five out of eight appearances scheduled featuring hawkish members. This will drive a strong pushback against market expectations of two rate cuts this year. This hawkish stance […]

The post USD Weekly Analysis: USDX and EURUSD appeared first on Action Forex.

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15/12/2023

Bank of England Review – Push-Back on Rate Cut Expectations

At today’s monetary policy meeting the BoE left the key policy rate unchanged at 5.25% as widely expected. The BoE delivered hawkish communication in an attempt to push-back on markets expectation of rate cuts next year. EUR/GBP declined on the back of the statement but fully retraced the move following the ECB meeting, in line […]
12/07/2024

Corporates Have Weighed in on Crypto Once Again

Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the Nasdaq index, with which crypto has the closest correlation. At […]
19/09/2024

Dollar Index Outlook: Lacks Direction Signals in Post-Fed Trading

Wide post-Fed swings signal that the dollar is still looking for direction, as long-tailed Wednesday’s candle and long upper shadow forming today, support scenario of extended directionless mode. Short-lived spike below psychological 100 support (hit 14-month low in immediate reaction to Fed’s decision) was followed by rise to one-week high, which failed to sustain gains, […]