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Commodity currencies came under pressure towards the end of 2024 Bets of a Fed pause at the turn of the year turbo-charge the dollar Tariff fears and frustration about China’s policies also main drivers Monetary policy could prove decisive in the battle among them Aussie, kiwi, loonie surrender to stronger US dollar As 2024 approaches […]

The post Year Ahead – Will Wounded Commodity Currencies Heal in 2025? appeared first on Action Forex.

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23/01/2024

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 fall towards the intermediate support before resuming the uptrend towards the 1st resistance. The intermediate support level at 103.14 is identified as a pullback support while the 1st support at 102.72 […]
25/04/2024

US Q1 GDP Comes in Lower Than Expected, But Details Show a Resilient Economy 

Real GDP expanded by 1.6% quarter-over-quarter (q/q, annualized) in the first quarter of 2024 – below the consensus forecast of 2.5%. Consumer spending expanded by 2.5% – a modest deceleration from last quarter’s 3.3% gain. Service spending (+4.0%) accounted for all of last quarter’s gain, while spending on goods (-0.4%) was flat. Non-residential business investment […]
20/06/2024

Euro on Firmer Footing ahead of Flash PMIs as French Risks Subside

Euro rebounds as French election fears ease June PMIs to come into the spotlight amid more cautious ECB Flash estimates are due on Friday at 08:00 GMT Calmer week for the euro after French turmoil European assets are having a better week following the market panic sparked by the rise of the far right across […]