Logo-color Logo-white

Yesterday, the PMI Manufacturing indices for several countries were published. The news turned out to be disappointing for the US – according to ForexFactory: → Final Manufacturing PMI: actual = 51.3; expected = 50.9; previous value = 50.9; → ISM Manufacturing PMI: actual = 48.7; expected = 49.8; previous value = 49.2; This led to […]

The post AUD/USD Analysis: US Dollar Rebounds from Decline appeared first on Action Forex.

previous

EURJPY Pulls Back from 170.80

next

Oil Probably Setting Up for a Repeat of 2020 or 2014

Read More

22/06/2024

Weekly Economic & Financial Commentary: Global Central Bank Decisions Galore

Summary United States: Economic Data More Rice & Beans than Steak & Eggs Markets chewed on an array of economic data this week, and what was served was mostly gristle. A weak retail sales print suggests that consumers may finally be feeling some spending fatigue. Markets also received a three-course housing market update which painted […]
17/07/2024

Gold (XAU/USD) Hits Record High of $2465/oz Despite Positive US Retail Sales Data

Gold prices reach a new record high of $2465/oz, driven by post-CPI and rate cut optimism. Despite a resurgent US Dollar, gold’s upward momentum remains strong, briefly dipping before rallying to new highs. June’s US retail sales figures and an upward revision of May’s data had minimal impact on gold’s rally and market expectations for […]
03/07/2024

AUD/USD Shrugs as Australian Retail Sales Jump

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6674 in the European session, up 0.11% on the day. Australian retail sales climb 0.6% Australian consumers have been counting their pennies and reducing discretionary spending. Consumers are feeling the double squeeze of high borrowing costs and stubborn inflation, but retail sales pulled a […]