Logo-color Logo-white

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 […]

The post Markets Daily appeared first on Action Forex.

previous

Forex and Cryptocurrencies

next

GBPCHF Wave Analysis

Read More

19/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits an overall bullish momentum. However, there is a potential scenario for price to drop towards the 1st support before resuming the uptrend. The 1st support level at 103.06 is identified as an overlap support that aligns close to the 23.60% Fibonacci retracement level. Further below, the […]
10/07/2024

NZD/USD Outlook: Kiwi Dollar Down 1% on Dovish RBNZ

NZDUSD was sharply lower during Wednesday morning (down almost 1% for the session) deflated by the Reserve Bank of New Zealand’s dovish stance. The central bank left interest rates unchanged at 5.5%, as widely expected, but signaled that the door for possible rate cut remains open, should inflation continue to ease in line with expectations. […]
17/05/2024

USD/JPY: Facing Uphill Battle Amid Market Challenges

Key Highlights USD/JPY tested the 153.50 support and recovered losses. A key bearish trend line is forming with resistance at 156.00 on the 4-hour chart. EUR/USD gained pace for a move above the 1.0800 resistance. Bitcoin climbed higher and tested the $66,500 resistance zone. USD/JPY Technical Analysis The US Dollar started a sharp decline from […]