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AUDUSD loses its gains above 0.6640 and falls into previous range area Short-term risk skewed to the downside; next support near 0.6570 US durable goods orders and more Fed speakers on the calendar Despite the exciting bull run to a four-month high of 0.6712 last week, AUDUSD could not sustain its gains above the 0.6640 threshold, […]

The post AUDUSD Outlook Turns Neutral Again appeared first on Action Forex.

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13/05/2024

Sunset Market Commentary

Markets All eyes are on Wednesday’s US CPI inflation print and to a lesser extent its PPI precursor tomorrow. That led to stoic, listless trading at the start of the new week. China announced during early Asian dealings that it will kick off its CNY 1tn stimulus plan on Friday with a CNY 40bn 30-yr […]
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