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Asian equities extend rebound ahead of key data Japanese GDP, Aussie jobs and Chinese indicators on the agenda Any upsets could roil the fragile sentiment A cautious rebound for stocks Stock markets in Asia have not been immune to the global selloff in August amid the unwinding of the yen carry trade and renewed fears […]

The post Asian Markets Bounce Back; Eyes on Local Data, Not Just US CPI appeared first on Action Forex.

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01/12/2023

WTI Oil Technical: Positive Elements Intact Ex-post OPEC+

Earlier rally in WTI crude oil fizzled out ex-post OPEC+ meeting due to uncertainty over 2024 oil supply cut commitments from members. The strongest commitment came from Saudi Arabia where it will extend its its voluntary 1 million barrels per day supply through Q1 2024 while Angola has decided to go against its newly reduced […]
15/05/2024

Australian Dollar Higher, Wage Growth Dips Lower

The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than expected in the first quarter, a sign that inflationary pressures may be easing. The wage price index rose 0.8% q/q […]
22/07/2024

EURCHF Hovers Around 38.2% Fibo

EURCHF spikes lower following rejection at 23.6% Fibo Price trades sideways after break below 50-day SMA Momentum indicators are neutral-to-negative EURCHF has been staging a solid recovery since mid-June, advancing to its highest level in more than a month last Monday. However, the pair experienced a strong pullback following its rejection around 0.9796, which is the 23.6% Fibonacci […]