The Dollar Index eases from new four-month high (105.33) posted on Wednesday’s sharp rally (the biggest daily gain in two years) on news of Trump’s election victory. Partial profit-taking pushed the price lower, but the dollar keeps firm tone (daily studies remain in full bullish setup) suggesting that current dip is just positioning for fresh […]
The post Dollar Index Outlook: Dollar Eases from New Multi-Month High in Likely Positioning for Fed Rate Decision appeared first on Action Forex.
Germany’s Ifo Business Climate Index declined to 85.7 in November, down from 86.5 in October, reflecting growing pessimism across key sectors of Europe’s largest economy. Current Assessment Index dropped from 85.7 to 84.3, indicating weaker Read more…
Gold price started a fresh increase above the $2,600 resistance level. WTI Crude oil prices climbed higher above $70.00 and might extend gains. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold Read more…
Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…