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The Australian dollar is in positive territory on Thursday. AUD/USD is trading at 0.6607 in the European session, up 0.16% on the day at the time of writing. Earlier, the Aussie rose as high as 0.6633 (0.48%) before retracting. Australian job growth jumps but unemployment rises The Australian employment report for July was an interesting […]

The post Australian Dollar Rises on Strong Job Growth appeared first on Action Forex.

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21/12/2023

GBPNZD Wave Analysis

GBPNZD broke key support level 2.0290 Likely to fall to support level 2.0000 GBPNZD currency pair recently broke the key support level 2.0290 (which has been reversing the price from the middle of June). The breakout of the support level 2.0290 coincided with the breakout of the 50% Fibonacci correction of the upward impulse from […]
20/06/2024

Pound Froze ahead of BoE Meeting: What Will the Central Bank Decide?

The GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused. The Bank of England will convene for its regular meeting today, at which the regulator will review all the collected statistics and decide on the interest rate level. […]
12/12/2023

All Eyes on US Inflation

The Stoxx 600 and the S&P500 traded at a fresh ytd high on Monday as the British FTSE 100 lagged behind its Western peers, as mining stocks drove the index lower. But overall, the week started on an optimistic note ahead of today’s US inflation update, tomorrow’s FOMC decision and Thursday’s European Central Bank (ECB) […]