Logo-color Logo-white

The Australian dollar (AUD) gained 0.64% on Tuesday, as the U.S. dollar was weakening on fuelling expectations that the Federal Reserve (Fed) has finished hiking interest rates. Possible effects for traders AUD is a risk-sensitive currency. Therefore, AUDUSD tends to rise when the market expects the end of monetary policy tightening and turns optimistic on […]

The post Bullish Trend in AUDUSD Pauses But Remains Intact appeared first on Action Forex.

previous

Gold Surges on the Back of Dovish Fed Comments

next

NZD Tired of Flying

Read More

16/03/2024

Fed to Keep Rates Unchanged for a Fifth Meeting Even as Inflation Risks Lurk

The U.S. Federal Reserve is widely expected to stand pat on the fed funds range for a fifth consecutive meeting on Wednesday. But any shift in the monetary policy statement language will be closely watched after two straight months of upside surprises on inflation. Markets continue to expect the first interest rate cut in June […]
12/03/2024

Technical Outlook and Review

DXY: The DXY (Dollar Index) chart exhibits bullish momentum, hinting at a potential bullish rebound around the pivot level and subsequent movement towards the 1st resistance. The pivot at 102.86 serves as significant overlap support, indicating potential buyer intervention for a bullish bounce, with the 1st support at 101.86 reinforcing this pattern. On the resistance […]
17/08/2024

Markets Weekly Outlook – Gold Hits New ATH Ahead of Jackson Hole Symposium

Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It’s a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data, […]