French Politics Beat the Common Currency Down – Action Forex
Markets EUR/USD was among the worst cross rate performers yesterday. The currency pair dropped as low as 1.046, down from 1.058 at the open. French politics beat the common currency …
Dollar Gains Momentum after ISM Manufacturing, Euro Falters Amid French Political Crisis – Action Forex
Dollar’s rally extended its rally, bolstered by stronger-than-expected ISM manufacturing data. The notable jump in new orders and easing prices suggest an improving outlook for the US manufacturing sector. In …
Markets Weekly Outlook – US Dollar’s Fate Hinges on NFP as Fed Rate Cut Looms – Action Forex
US equities finished strong, driven by tech and retail stocks, with the S&P 500 reaching record highs. The US dollar weakened due to increased expectations of a December rate cut …
Canada's Labour Market Underperformance to Continue Ahead of BoC, Fed Meetings – Action Forex
Canadian and U.S. jobs reports on Friday will highlight the growing underperformance of the Canadian labour market compared to the U.S. We expect Canadian employment edged up 10,000 with the …
Trading GBP/USD: Key Levels to Watch Ahead of US Data – Action Forex
GBP/USD is stuck in a tight range, reflecting market indecision. Upcoming US data releases, including GDP and PCE data, could trigger a breakout from the range. The US Dollar Index’s …
Euro and Pound Correct Ahead of Key Economic Data Releases – Action Forex
The start of the final trading week of November has been eventful. Several currency pairs experienced a “gap” or price difference between Friday’s close and Monday’s opening. For instance, the …
Market Hope on a 'Guarded' Implementation of Trump Policies Seriously Challenged – Action Forex
Markets The rise in US yields and the dollar showed signs of fatigue lately, hardly reacting to positive data. What can’t go up, must come down. Donald Trump picking Scott …
Dollar Stays Soft With Falling Yields and Stocks Rally – Action Forex
Dollar remains under pressure as the market heads into the US session, with selling momentum picks up slightly alongside a continued decline in Treasury yields. US stock futures are staging …
European Equities are Cheap – Action Forex
Last week was marked by an improved sentiment in the US, but not so much in Europe. The US equities had a strong week: the S&P 500 rallied 1.68% over …
Weak Euro Area PMIs Raise Concerns Over Growth Outlook – Action Forex
In focus today Today, in Germany we receive the Ifo growth indicator for November. After the decline in German PMIs on Friday, the stage is set for a decrease in …
Euro Weakens Sharply, Sterling and Swiss Franc Also Under Pressure – Action Forex
Euro stole the limelight last week with a steep selloff triggered by poor activity data. This downturn has intensified the pressing need for the ECB to ease monetary policy swiftly …
Markets Weekly Outlook – Inflation Data & Geopolitics to Dominate – Action Forex
Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add …