The FOMC minutes reiterated the Fed’s extremely hawkish stance which saw the US dollar dominate the session. Wednesday US cash market close: The Dow Jones Industrial fell -144.67 points (-0.42%) to close at 34,496.51 The S&P 500 index rose -43.97 points (2.51%) to close at 34,058.75 The Nasdaq 100 index fell -321.754 points (-2.17%) to […]
The post Dollar Hits Near 2-Year High Post Fed, USD/CAD Mean Reverts appeared first on Action Forex.
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…
New Zealand’s ANZ Business Confidence dipped marginally in November, falling from 65.7 to 64.9, but it remains at what ANZ describes as an “impressive high” level. Own Activity Outlook, a key forward indicator, rose to Read more…