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Markets US markets yesterday enjoyed an eye-catching ‘risk-on rebound’ with higher equities, higher yields and a stronger dollar. Europe this time lagged the move in the US. Headlines of US administration potentially turning to a more targeted/selective approach when introducing reciprocal tariffs on April 2 was said to ease worries on US growth. Even so, […]

The post Look Out Whether Recent USD Bottoming Has Further Legs appeared first on Action Forex.

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Navigating the US Dollar (DXY): Tariffs, Data, and Technicals

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15/08/2024

Crude Oil Prices Vulnerable: Is a Fresh Decline on the Horizon?

Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. A connecting bullish trend line is forming with support at $76.15 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1020 resistance. Bitcoin seems to be facing hurdles near the $61,500 level. Crude Oil Price Technical Analysis Crude oil prices recovered above the […]
27/06/2024

What Could UK General Election Mean for Pound?

UK citizens head to the ballots on July 4 Opinion polls point to a Labour Party victory Political stability could initially benefit the pound But BoE rate cut bets could prove negative in the longer run How it works On July 4, Britons will head to the ballots to vote in a general election, with […]
02/05/2024

Bullish Pressure in AUDUSD Lingers

AUDUSD in the green again today, above the 50-day SMA The bullish tendency manifesting since the April low persists Momentum indicators mostly mixed; stochastics could send a bullish signal AUDUSD is recording another green candle as the market appears to be relieved that Fed Chairman Powell did not mention rate hikes as a viable policy […]