Logo-color Logo-white

The AUD/USD pair is declining, reaching 0.6539 on Wednesday. The Australian dollar is heading back to a three-week low following the release of softer-than-expected consumer price index (CPI) data from Australia. For February 2024, inflation in Australia stood at 3.4%, unchanged from the previous report, in contrast to the anticipated slight increase to 3.5%. This […]

The post Australian Dollar Slides to Three-Week Low appeared first on Action Forex.

previous

Dollar Pushes Higher as S&P 500 Set for 5th Monthly Gain

next

USD/CHF: Rises to the Highest in Nearly Five Months

Read More

11/06/2024

US: Small Business Optimism Index Improves in May

NFIB’s Small Business Optimism Index rose 0.8 points to 90.5 in May, beating market expectations for a flat reading of 89.7. Half of the ten subcomponents improved on the month, three deteriorated, and two remained unchanged. The improving categories included expectations for the economy to improve (up 7 point to -30%), expectations for credit conditions […]
23/01/2024

S&P 500 (SPX) Looking for Further Upside

Short term Elliott Wave View in S&P 500 (SPX) suggests that rally to 4793.3 ended wave (3). Pullback in wave (4) is unfolding as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 4752 and wave ((b)) rally ended at 4776.9. Wave (c)) lower ended at 4731.17 which completed wave […]
03/01/2024

Dow Futures (YM) Looking to Extend Higher to Complete Impulsive Structure

Short Term Elliott Wave View in Dow Futures (YM) suggests that rally from 10.27.2023 low is in progress as a 5 waves impulse structure. Up from 10.27.2023, wave 1 ended at 34315 and pullback in wave 2 ended at 33913. The Index then rallied higher in wave 3 towards 38012 and pullback in wave 4 […]