The drivers behind the dollar’s strength in recent months are largely intact, currency strategists say, after US midterm election results briefly drove the greenback lower. The Bloomberg Dollar Spot Index tumbled on Wednesday as traders weighed the implications of policy…
New analysis from the Energy and Climate Intelligence Unit (ECIU) reveal a strong correlation between changes in global oil prices and UK mortgage rates over the past two years. The ECIU found that monthly changes in oil prices and two-year…
The British Pound (GBP) trades lower against the US Dollar (USD) on Friday, extending its correction from an almost eight-week high of 1.3500 to near 1.3425 in the European trade. The GBP/USD pair faces pressure as the US Dollar bounces back…
After the U.S. midterm elections, markets are worried about tighter AI regulation, and the Philadelphia Semiconductor Index plunged 12.25% in a single day, triggering a simultaneous selloff in Taipei's stock and currency markets. On the 6th, the Taiwan stock market fell nearly 4,000 points…
US services growth slowed as persistent price pressures cloud Fed rate cuts and Bitcoin's prospects for gains. US services growth slowed in October, while the survey’s 12-month average prices index reached its highest level since April 2023. Persistent cost pressure complicates…
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 25,627 VND/USD on November 4, down 3 VND from the previous session. With the current trading band of ±5%, the ceiling rate applicable to commercial banks stood at 26,912 VND/USD,…
The EUR/USD pair trades on a weaker note around 1.1195 during the early European trading hours on Friday. Markets might turn cautious later in the day ahead of the German Industrial Production, Eurozone Retail Sales and US employment reports, which…
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually,…
(Bloomberg) -- Gold extended gains — after jumping more than 3% on Wednesday — as a Democratic sweep of Congress in the US midterm elections sent the dollar and Treasury yields lower. Bullion rose as much as 2.1% to trade near $4,146 an ounce, after rising…
Gold prices slipped as rebounding oil prices fanned inflation worries and higher interest rate expectations, with investors awaiting key US payrolls data amid a risk-off market. Gold prices slipped on Friday as oil prices rebounded, fanning inflation worries and higher-for-longer…
Why prices move—and how to protect buying power over time.
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