The dollar maintains firm tone and holding near new 20-year high at 108.40 in European trading on Wednesday, with narrow ranges signaling quiet mode ahead today’s key event – release of US June inflation data. US consumer prices are expected to rise to 8.8% in June from 8.6% previous month, signaling that Fed’s prior kikes […]
The post Dollar Index: Dollar Could Rally Further if US Inflation Meets Forecasts appeared first on Action Forex.
Daily Pivots: (S1) 1.3645; (P) 1.3665; (R1) 1.3694; More… Intraday bias in USD/CAD stays on the downside as decline from 1.4791 is in progress. . Next target is 61.8% projection of 1.4414 to 1.3749 from Read more…
There was a fleeting uptick in sentiment overnight after US President Donald Trump spoke by phone with Chinese President Xi Jinping, calling the conversation “very positive” and announcing renewed lower-level trade talks. However, the initial Read more…
Key Highlights USD/JPY started a fresh decline below the 144.00 level. A connecting bullish trend line is forming with support at 143.40 on the 4-hour chart. EUR/USD is now gaining pace and might clear the Read more…