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AUD/USD is attempting a recovery wave from 0.6540. NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6540 and is now recovering against the US Dollar. There was a break above […]

The post AUD/USD and NZD/USD Rebound Could Be Limited appeared first on Action Forex.

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17/05/2024

Morning Report

Key themes: US equities finished lower, pulling back from a rally that briefly drove the Dow Jones to a record high. A number of hawkish Fed speakers suggested that the Fed is in no rush to cut interest rates. This saw US bond yields increase. The US dollar also advanced. The Aussie finished lower. The larger […]
24/06/2024

Yen Steadies After Dreadful Week

The Japanese yen has posted gains on Monday. In the European session, USD/JPY is trading at 159.26, down 0.10%. The yen hasn’t had a winning daily session since June 19th and declined 1.5% last week. On the data front, Japan releases the Services Producer Price Index. There are no economic releases in the US but […]
06/09/2024

August Employment: Size of September Rate Cut Remains Unsettled

Summary The August employment report indicated that while the jobs market is not unraveling, it continues to clearly weaken. Employers added 142K jobs in August, which was a bit less than expected, but came on the heels of another significant downward revision to prior months’ hiring. Over the past three months, employers have added 116K […]