Dollar ended as the strongest performer last week, boosted by a surge in U.S. Treasury yields following persistent inflation data. Despite expectations of another 25bps rate cut at the upcoming FOMC meeting, stubborn price pressures are likely to slow the pace of policy easing next year. Adding to the caution, inflation uncertainties under the incoming […]
The post Inflation Pressures and Yield Surge Anchor Dollar as Top Performer appeared first on Action Forex.
EUR/USD gyrated lower last week but recovered again after hitting 1.0452. Initial bias stays neutral this week first. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D Read more…
USD/JPY’s stronger than expected rebound last week suggests that correction from 156.74 has completed at 148.64. Initial bias remains on the upside this week for retesting 156.74 first. Firm break there will resume whole rally Read more…
GBP/USD’s decline last week suggests that corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 should affirm this case, and bring deeper decline through 1.2486 to resume the whole fall from Read more…