Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback’s strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The uncertainty over Russia invasion of Ukraine will continue to cap Euro’s rebound. The economic calendar […]
The post Dollar Extending Rally Against Yen, Fed and BoE to Hike this Week appeared first on Action Forex.
Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 159.74 will target a retest of 161.94. Firm break there will confirm Read more…
Headline CPI inflation cooled in February to 1.8% year-on-year (y/y) slightly below consensus expectations. The GST/HST break ended partway through February 2025, which lead to large price increases in that month, but puts downward pressure Read more…