Logo-color Logo-white

Donald Trump won the US election to become the next president, and it seems that the Republicans likely won a majority in both chambers of Congress. Trump was slim favourite ahead of the election, so the result was partially priced in already, but there was still a clear market reaction in that bond yields are up by […]

The post Weekly Focus – Stronger Dollar and Higher Yields After Trump Victory appeared first on Action Forex.

previous

Canada’s labour market remains solid in October

next

Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus

Read More

04/03/2024

EUR/USD Aims Higher, Bitcoin Could Extend Gains

Key Highlights EUR/USD is aiming for a move toward the 1.0920 resistance. A bullish flag seems to be forming with resistance at 1.0845 on the 4-hour chart. Bitcoin is showing positive signs and might extend gains above $63,000. Gold prices surged above the $2,050 resistance zone. EUR/USD Technical Analysis The Euro started a recovery wave […]
20/03/2024

A New World Imagined by BoJ, But Not Yet Realised

Strong wage outcomes saw the Bank of Japan end its negative interest rate policy but further moves are still a world away. At their March meeting, the Bank of Japan raised its policy rate to the range of 0% – 0.1% having “assessed the virtuous cycle between wages and prices” and judged “that the price […]
17/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits an overall bullish momentum. In this context, there is a potential scenario for price to make a bullish continuation towards the 1st resistance. The 1st resistance level at 103.50 is identified as a pullback resistance that aligns with the 78.60% Fibonacci retracement level. Higher up, the […]