Logo-color Logo-white

AUD/USD started a decent increase above the 0.6655 resistance. NZD/USD is also rising and could aim for a move above the 0.6140 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support at 0.6585 and recovered higher against the US Dollar. There is a major bullish trend line forming with support […]

The post AUD/USD and NZD/USD Set Sights on Additional Upside appeared first on Action Forex.

previous

Chinese Data Showed a Mixed, Rather Unconvincing Picture

next

Calm Before Storm for WTI Oil Futures?

Read More

11/12/2023

Fed Decision and US Inflation Data Coming Up

Fed set to hold interest rates steady on Wednesday USD reaction will depend on rate projections for next year Latest US inflation report to be released on Tuesday ahead of Fed How many rate cuts will the Fed signal?  It’s been a great year for the American economy. Real growth is on track to hit […]
04/09/2024

Bad News is Bad News

September began on an ugly note, to say the least. The US equities tumbled after the latest ISM data showed a fifth month of contraction in the US manufacturing, and at accelerated pace. The latter revived the recession worries ahead of this week’s critical US jobs data, and sent the S&P500 more than 2% down. […]
07/05/2024

Dollar Basically Didn’t Go Anywhere

Markets Markets yesterday staged some follow-through price action on Friday’s post-payrolls/ISM easing, but the move gradually slowed in US dealings. Fed governors Williams and Barkin confirmed last week’s view of Chair Powell that the next Fed move will likely be a rate cut. A restrictive policy is bringing the economy in a better balance and […]