Logo-color Logo-white

The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%. Earlier statistics from […]

The post AUD/USD Surged, Buoyed by RBA Confidence and Inflation Ggrowth appeared first on Action Forex.

previous

XAU/USD: Gold Stands at the Back Foot on Hawkish Comments from Fed

next

USD/JPY: Probes Again Through 160.00 Barrier and Hits New Multi-Decade Highs

Read More

12/09/2024

NZD: New Lows May Be Formed Soon

According to UOB analysts, the New Zealand Dollar (NZD) could test the 0.6115 level, provided it stays below 0.6185. However, a significant break below this level isn’t expected at the moment. In the longer term, if NZD does manage to drop below 0.6115, it could potentially move further towards 0.6085. Earlier today, NZD traded between […]
10/03/2024

Forex and Cryptocurrencies Forecast

EUR/USD: A Bad Week for the Dollar The past week was dominated by the European Central Bank (ECB)’s meeting on Thursday, 7 March. As anticipated, the pan-European regulator decided to maintain its current monetary policy, leaving the interest rate unchanged at 4.50%. This move reaffirmed its commitment to steering inflation into the desired range. The […]
13/12/2023

Nasdaq 100: It’s All About Liquidity to Maintain Current Bullish Momentum

Nasdaq 100 recent bullish trend has moved in synch with a significant improvement in the net US liquidity since late October 2023. The major liquidity contributor has been a significant drawdown in the Fed’s overnight reverse repo facility that negates the adverse effects of Quantitative Tightening (QT). Watch the 16,160 key short-term support ahead of […]