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Key insights from the week that was. The latest edition of the Westpac-Melbourne Institute survey pointed to consumer sentiment remaining near its historic lows in December, the index rising just 2.7% to 82.1 compared to a long-run average of 100.8. The probability of further rate hikes may be dwindling, but consumers find themselves under considerable […]

The post Cliff Notes: An Abrupt Change in Expectations appeared first on Action Forex.

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20/02/2024

GBPAUD Wave Analysis

GBPAUD reversed from resistance level 1.9400 Likely to fall to support level 1.9200 GBPAUD currency pair recently reversed down from the resistance level 1.9400 (which has been repeatedly reversing the pair from the middle of January). The downward reversal from the resistance level 1.9400 created the 3rd consecutive candlesticks reversal pattern Bearish Engulfing. Given the […]
19/07/2024

AUD/USD: On Track for Biggest Weekly Drop Since Mid-April

Australian dollar continues to trend lower vs its US counterpart for the fifth consecutive day, on track for the biggest weekly loss since the second week of April. Bears have so far retraced 50% of 0.6575/0.6798 upleg and look for daily close below daily Kijun-sen (0.6691), to reinforce bearish signal. Daily studies are weakening (fading […]
29/07/2024

Asian Equity Markets Kick Off the week in Good Spirits

Markets Core bonds finished higher last Friday. US Treasury yields were unable to build on Thursday’s Q2 GDP intraday rebound. The release of some economic data including personal income & spending and June PCE deflators wouldn’t call for a net daily yield decline between 3.1 and 5.6 bps but yet that’s exactly what happened. It […]