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This week’s national accounts confirmed our view that the domestic economic is soft, especially the consumer. Pressures on households should start to ease in the period ahead. The big-picture themes from the national accounts for the December quarter were largely as expected. The Australian economy is soft, expanding just 0.2% in the quarter and 1½% […]

The post The Slow Lane in the Tunnel appeared first on Action Forex.

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12/01/2024

AUD/USD and NZD/USD Eye Key Upside Break

AUD/USD is moving higher and might rally if it clears 0.6725. NZD/USD is also rising and could extend its increase above the 0.6255 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6680 and 0.6695 levels against the US Dollar. There is a […]
17/09/2024

US: Retail Sales Come in Stronger Than Expected in August, Real Consumer Spending Tracking 3.5% Annualized in Q3  

Retail sales rose 0.1% month-on-month in August, ahead of the consensus forecast calling for a decline of 0.2% m/m. Revisions to prior months were a touch weaker, with spending for June (-0.3% m/m vs. prior -0.2 m/m) revised slightly lower, while July (1.1% m/m) was left unchanged after rounding. Trade in the auto sector was […]
30/04/2024

GBPUSD Wave Analysis

GBPUSD rising inside minor correction 2 Likely to rise to resistance level 1.2700 GBPUSD currency pair continues to rise inside the minor correction 2, which started earlier, when the pair reverse dup with the daily Morning Star form the key support level 1.2335. The active wave 2 belongs to the intermediate downward impulse wave (C) […]