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The Australian dollar has stabilized against the US dollar, currently trading around 0.6738. This follows a period of decline influenced by ongoing speculations regarding the US Federal Reserve’s impending policy actions. Expectations are set for the Fed to initiate rate cuts starting in September, with an additional reduction anticipated before the year’s end. Fed Chairman […]

The post AUD/USD: Market Stabilizes Amid Rate Cut Expectations appeared first on Action Forex.

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06/09/2024

USD/JPY Extends Losses, US NFP Report Next

Key Highlights USD/JPY extended losses and traded below the 145.00 level. It traded below a key bullish trend line with support at 144.80 on the 4-hour chart. EUR/USD is attempting a fresh increase above the 1.1100 resistance. Oil prices are consolidating losses near the $69.50 level. USD/JPY Technical Analysis The US Dollar failed to climb […]
31/07/2024

Bank of Japan Hikes Rates Further, Slows Bond Buying

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