Despite a confluence of favorable conditions that are typically Dollar bullish — a decidedly hawkish Federal Reserve, plummeting stocks, and soaring yields — the greenback’s response was unexpectedly tepid last week. While it managed to gain ground against European majors and Yen, it faltered when squared against the robust commodity currencies. Dollar Index, a measure […]
The post Dollar’s Conundrum: Bullish Factors Met with Lackluster Gains appeared first on Action Forex.
USD/JPY rallies heading into the weekend following Bank of Japan’s dovish monetary policy announcement. As prices approach channel resistance, the pair's reaction could offer key insight into the near-term outlook.
This article offers an in-depth analysis of EUR/USD and EUR/GBP from a fundamental and technical standpoint, exploring pivotal factors likely to influence price movements in upcoming trading sessions