Dollar dropped notably overnight after Fed Chair Jerome Powell surprised the markets by ruling out a 75bps rate hike. The comment also boosted US stocks sharply higher. Risk-on sentiment helped commodity currencies rebound. But European majors are lagging behind. Yen is so far mixed, with slight retreat in US 10-year yield. BoE rate decision would […]
The post Dollar Down, Stocks Surged after Powell Surprise, BoE Next appeared first on Action Forex.
USDCAD: ⬆️ Buy USDCAD reversed from support area Likely to rise to resistance level 1.3980 USDCAD currency pair recently reversed up from the support area between the support level 1.3800 (which has been reversing the Read more…
The US Dollar has gone on the counterattack thanks to the Fed’s reluctance to cut rates and support from the White House. The US and China are preparing for trade talks, and Donald Trump is Read more…
