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Policy interest rates needed to increase from their pandemic lows, but there is a question of how far central banks really need to lean against apparently strong demand. What appears to be demand-driven could be a ripple effect from supply shocks affecting other products. When Cyclone Larry hit North Queensland in 2006, most of Australia’s […]

The post In a World Gone Bananas, Don’t Squash the Other Fruit appeared first on Action Forex.

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23/04/2024

EUR/USD Aims Recovery But Faces Many Hurdles

Key Highlights EUR/USD is consolidating losses above the 1.0600 support. A key bearish trend line is forming with resistance at 1.0670 on the 4-hour chart. GBP/USD extended losses and traded below 1.2420. Crude oil prices declined below the $82.50 support zone. EUR/USD Technical Analysis The Euro extended losses and traded below the 1.0650 support against […]
10/07/2024

RBNZ Dovishness Hits Kiwi

The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1% to 0.6070, a low for the week. The RBNZ expects inflation to return to the […]
26/08/2024

USD/JPY Tops Again and Bears Could Aim For Another Drop

Key Highlights USD/JPY struggled to continue higher above the 150.00 resistance zone. A major bearish trend line is forming with resistance at 145.60 on the 4-hour chart. Oil prices are consolidating losses near the $75.00 level. EUR/USD is showing bullish signs above the 1.1120 level. USD/JPY Technical Analysis The US Dollar started a recovery wave […]