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AUDUSD remains beneath uptrend line and 200-day SMA Bearish wave on the cards RSI and stochastic suggest upside recovery AUDUSD is recouping some losses today after the aggressive sell-off of the preceding three days, posting a new two-month low near 0.6520. The pair slipped beneath the medium-term ascending trend line and the 200-day simple moving […]

The post AUDUSD Edges Higher After 2-Month Low appeared first on Action Forex.

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28/12/2023

Japanese Yen Keeps on Rolling

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]
16/09/2024

It’s Central Bank Week

In focus today There are no major market movers today. The main event to watch this week will be Wednesday’s US policy rate decision, where we expect a 25bp cut from the FOMC (see more in Fed Preview – Dovish 25bp, 13 September). We also look out for the final euro area inflation data on […]
06/03/2024

Canadian Dollar Flat Ahead of BOC Meeting

The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3580, down 0.08% On the economic calendar, the Bank of Canada holds its rate meeting. The US will release JOLTS Job Openings, which is expected to tick lower to 8.9 million in February, compared to 9.02 million a […]