Logo-color Logo-white

Key insights from the week that was. In Australia, the week started on a slightly more positive note for consumers, with our Westpac-MI Consumer Sentiment Index showcasing a 2.8% bounce to 85.0 in August. The primary support was a significant improvement in households’ views and expectations around their finances, likely associated with the new financial […]

The post Cliff Notes: Labour Market Critical to the Medium-Term Outlook appeared first on Action Forex.

previous

S&P 500 index Wave Analysis

next

Easing Inflation Worries Despite Robust Sales Data

Read More

24/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart is currently displaying a bearish overall momentum, indicating weakness in the US Dollar. There is a potential for a bearish continuation in the price towards the 1st support level. The 1st support level at 103.10 is considered significant as it represents an overlap support, indicating that this […]
29/07/2024

Gold Bounces Off 50-Day SMA

Gold was retreating from its all-time high But the 50-day SMA prevented further declines Despite latest weakness, oscillators remain neutral-to-positive Gold had been in a strong uptrend since late May, which led to a fresh all-time high of 2,483 on July 17. Although bullion has been experiencing a significant pullback since then, the 50-day simple moving average […]
23/07/2024

Outcome of Expected Contest Between Trump and Harris Too Early To Call

Markets US President Biden stepping out of the presidential election race dominated press/market headlines yesterday. Still, the direct impact on global trading was modest after all. For now, the outcome of an expected contest between Donald Trump and Kamala Harris is too early to call. It is even more difficult to assess the concrete impact […]