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EURUSD presents enticing opportunities for all traders—keep watching! The EURUSD pair, often referred to by traders as the “Fiber,” is the most traded currency pair in the Forex market. It reflects the Euro’s relative strength against the US Dollar, two of the world’s most significant currencies. The US Dollar’s value is heavily influenced by economic […]

The post News of the Week (August 26— August 30): EURUSD Analysis! appeared first on Action Forex.

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03/02/2024

Aussie Slides After Hot US Nonfarm Payrolls

The Australian dollar has fallen almost 1% after the US nonfarm payrolls and has given up today’s earlier gains. In the North American session, AUD/USD is trading at 0.6644, down 0.40%. The US dollar has started 2024 on the right foot, recording gains against most of the major currencies in the month of January. The […]
19/08/2024

New Zealand Dollar Extends Gains as Services Index Rises

The New Zealand dollar wrapped up a fourth consecutive winning week and is in positive territory on Monday. NZD/USD is trading at 0.6076, up 0.37% in the European session at the time of writing. New Zealand PSI pace of contraction eases The New Zealand Performance of Services Index rose to 44.6 in July, up sharply […]
22/01/2024

BoJ Poised to Offer Guidance on the Removal of Short-Term Negative Rates May Spark JPY Strength

10-year JGB implied volatility has tapered downwards since the implementation of flexible YCC in October 2023, lowering the odds of disorderly movements in the JGB Elevated demand-pull inflation (excluding fresh food & energy) in Japan may prompt BoJ to upgrade its inflation (excluding fresh food & energy) forecasts for FY 2024 & FY 2025. Technical […]