Logo-color Logo-white

AUDUSD recovers after hitting 0.6525 But the bulls struggle below key resistance crossroads This increases the chances for another strike by the bears AUDUSD entered a recovery mode after it hit support near the key zone of 0.6525. However, the bulls seem to be struggling to overcome the 0.6615 level and the 50-period EMA, with […]

The post AUDUSD Recovers, But Remains Below Prior Uptrend Line appeared first on Action Forex.

previous

GBPUSD Wave Analysis

next

NZ First Impressions: Consumers Price Index, December Quarter 2023

Read More

04/06/2024

Nasdaq 100: Bullish Reversal Remains Intact Supported by Positive Momentum in 10-year T-Note Futures

Macro factor (10-year US Treasury yield) has likely taken over the driver’s seat in dictating the short to medium-term directional movements of the major US stock indices. Last Friday, 31 May key intraday bullish reversals recorded in the S&P 500, Nasdaq 100, and Dow Jones Industrial Average were led by an earlier rally in the […]
07/08/2024

A Hawkish RBA Could be a Role Model for Other G10 Banks

The Reserve Bank of Australia kept its cash rate on hold at a 12-year high of 4.35%, as widely expected by markets. In a statement along with the decision, the RBA noted that inflation is still well above its target range of 2-3%. Price growth has stabilised in the 3.5-4.0% range since December last year, […]
02/07/2024

Sunset Market Commentary

Markets Marine Le Pen’s Rassemblement National scored broadly as expected in the first round of French parliamentary elections. They won the ballot with around 33% of the vote, ahead of the left front (28%) and Macron’s alliance (21%). In 485 out of 577 districts, the RN and its allies won outright or made it to […]