Logo-color Logo-white

AUDUSD is trading within a narrow range on Tuesday morning but keeps slight bullish bias following Monday’s 0.5% advance and a positive signal on daily close above 0.6597 (100DMA / Fibo 61.8% of 0.6675/0.6480 bear-leg). Aussie dollar was boosted by rise in iron ore, but markets are likely to reduce the speed until release of […]

The post AUD/USD: Aussie Dollar Keeps Bullish Bias ahead of US Inflation Report appeared first on Action Forex.

previous

ECB Bank Lending Survey Will Give Insights into Credit Conditions

next

EURJPY Rises Towards 16-Year High

Read More

09/07/2024

Nasdaq 100 Index Wave Analysis

Nasdaq 100 rising inside impulse wave 3 Likely to test resistance level 20775.00 Nasdaq 100 index continues to rise inside the accelerated impulse wave 3, which previously broke the round resistance level 200000.00 (which stopped the previous waves (i) and i). The active impulse wave 3 belongs to the higher order upward impulse wave (3) […]
28/08/2024

Happy Nvidia day

The markets were calm yesterday, the European stocks extended gains, while the S&P500 and Nasdaq consolidated a bit lower than their ATH levels. A $69bn sale of US 2-year debt went well, the US 2-year yield extended losses and the US dollar rebounded from the lowest levels of the year. Crude oil, which rallied to […]
06/12/2023

USDCAD Slows Down Before BoC Rate Decision

USDCAD halts near last week’s limits Bias remains skewed to the downside BoC policy announcement awaited USDCAD opened with mild losses on Wednesday after Tuesday’s remarkable rally stalled near last week’s resistance of 1.3593. Traders were also in a wait-and-see mode ahead of the Bank of Canada’s rate decision at 15:00 GMT. The 1.3593 bar […]