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The fall in the U.S. dollar accelerated at the start of April as the shock of trade tariffs caused capital flight from U.S. assets. We don’t know yet how long this trend will be. In finance, it is often said, “America sneezes, and the world gets a fever.” Even if the problems originated in the […]

The post Tariff Wars Made Dollar a Risky Asset appeared first on Action Forex.

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29/11/2023

Crypto Market Back to Test Multi-month High

Market picture The crypto market added 2.4% in 24 hours to $1.43 trillion and went back to test highs since May 2022. Bitcoin added 3% during this time, Ethereum 2.75%, and Solana was the top performer among the major coins, adding 8.4%. Toncoin was on a back foot with its 0.4% gain. Bitcoin has been […]
04/11/2024

Dollar Ceding Ground, Probably on Headlines Referring to Harris Taking Lead in Battleground State of Iowa

Markets US payrolls and the Manufacturing ISM caused quite some intraday volatility on Friday but in the end didn’t change the broader market picture in any profound way. The US economy in October only added 12k jobs versus a 100k rise expected. However, the outcome was materially distorted by hurricanes and by a major strike […]
10/10/2024

September CPI: Minor Turbulence

Summary The September CPI report came in slightly hotter than expected, but not enough to meaningfully change the outlook for U.S. inflation. Headline CPI rose 0.2% in the month, while excluding food and energy prices consumer price inflation was a tenth stronger at 0.3%. A 4.1% drop in gasoline prices helped restrain overall inflation, although […]