The EUR/USD pair soared to 1.1801 on Wednesday, marking its ninth consecutive day of gains. The US dollar remains under heavy pressure due to expectations of a dovish shift in Federal Reserve policy and growing concerns over President Donald Trump’s fiscal strategy. Fed maintains cautious stance while fiscal worries mount On Tuesday, Fed Chair Jerome […]
The post EUR/USD Extends Rally for Ninth Consecutive Day as Dollar Remains Weak appeared first on Action Forex.
Key Highlights EUR/USD declined heavily below 1.1620 and 1.1600. A major bearish trend line is forming with resistance at 1.1765 on the 4-hour chart. Crude oil prices surged above $100 and $110 amid the ongoing Read more…
Gold began the week on the defensive while Dollar strengthened broadly across currency markets, as the Middle East conflict has entered its second week with no meaningful signs of de-escalation. The metal is now showing Read more…
China’s consumer inflation rebounded sharply in February, offering a fresh sign of improving domestic demand. Headline CPI rose from 0.2% yoy to 1.3%, well above expectations of 0.9% and marking the strongest increase in more Read more…