Logo-color Logo-white

The AUD/USD pair is attempting a recovery toward 0.6681, though the prospects seem uncertain as the pair remains near a six-week low. The strengthening of the US dollar and the rise in US Treasury yields, driven by expectations of a confident victory for Donald Trump in the upcoming US presidential election, are weighing heavily on […]

The post AUD/USD Struggles for Stability: Chances are Slim appeared first on Action Forex.

previous

In Run-Up to US Elections, By Default USD Strength Could Continue

next

Gold Technical: Bullish Acceleration in Progress Reinforced by “Trump Trade”

Read More

21/09/2024

The Weekly Bottom Line: Canada – Inflation Hits the Mark

U.S. Highlights The Federal Reserve started its easing cycle with a bang, reducing the policy rate by 50 basis points (bps), bringing the target range to 4.75%-5.0%. Futures markets are pricing an additional 75 bps of cuts by year-end, slightly more than the updated median FOMC forecast, which shows another 50 bps of cuts. Economic […]
02/02/2024

JPY Carry Trades Downside Pressure Reinforced Ex-post FOMC

The US Federal Reserve pushed back the first Fed funds rate cut and Fed Chair Powell indicated that the “highly anticipated” March rate cut is not the base case for now. The dovish Fed Pivot narrative is still alive as both the 2-year and 10-year Treasury yields continued to inch lower and closed near their […]
05/06/2024

Crypto Goes Up After a Rest

Market picture Crypto market capitalisation rose by 2.9% in 24 hours to $2.63 trillion. Among the top coins, BNB is up an impressive 11%, and Solana is up 5%. Altcoins have steadily been gaining strength over the last few days of downtime. Active buyers came to Bitcoin, raising the price by 4.4%. The price of […]