Logo-color Logo-white

In focus today Today, focus is on the euro area PMIs for September. The service PMIs got a ‘golden boost’ from the Olympics in France in August, which likely reversed in September. While we expect overall momentum in services activity remained broadly unchanged compared to August, we expect the PMIs to decline due to the […]

The post Focus on Euro Area and US PMIs Today appeared first on Action Forex.

previous

EUR/USD Momentum Builds: Can It Go Higher?

next

Gold Near a Peak, But Uptrend Might Stay Solid

Read More

11/12/2023

Markets Daily

A solid US November employment report sparked a rise in US yields, though a slide in consumer inflation expectations reinforced Fed easing expectations. Equities rallied but AUD slipped to 0.6570. This week’s calendar is crowded but there is little today. Friday Australia’s calendar was quiet though we did see the Statement on the Conduct of […]
26/06/2024

AUDJPY: Will Price Break Above 107.8 Region?

The Australian dollar (AUD) rallied after surprising inflation data for May came in higher than expected. Australia’s annual inflation accelerated to 4.0% in May, up from 3.6% in April, surpassing the forecast of 3.8%. Core inflation also surged to 4.4%, marking its highest level in six months. The Reserve Bank of Australia (RBA) had already […]
01/04/2024

Gold Wave Analysis

Gold rising inside weekly impulse wave 3 Likely to rise to resistance level 2300.00 Gold rising inside the sharp weekly impulse wave 3, which recently broke the resistance trendline of the daily up channel from November. The breakout of this up channel coincided with the breakout of the key resistance level 2200.00, which stopped the […]