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The AUDUSD pair slightly declined after hitting a new yearly high of 0.6900 during Wednesday’s US session. However, the overall outlook remains positive due to the Reserve Bank of Australia (RBA) indicating that interest rates will stay steady through the year-end. The Australian Dollar is also benefiting from China’s recent stimulus measures aimed at boosting […]

The post AUDJPY: Bearish Short Term Sentiment appeared first on Action Forex.

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08/02/2024

NZD/USD Rate Recovering from Its Low of the Year amid News from Labour Market

Yesterday’s news showed that New Zealand’s labour market is stronger and more resilient than expected. In the fourth quarter of 2023, employment grew by 0.4% in the fourth quarter (forecast = +0.3%, quarter earlier = -0.1%). The unemployment rate is 4%, forecast = 4.3%. A strong labour market indicates a margin of safety in the […]
12/01/2024

Silver (XAGUSD) Remains Sideways

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Time for the Spakfilla?

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