Logo-color Logo-white

AUDUSD increases 7% in August 20- and 50-day SMAs post bullish cross Stochastic in overbought region RSI still beneath 70 area AUDUSD hit a new eight-month high above the 0.6800 round number, breaking the long-term descending trend line to the upside. Following the bearish spike on August 5, the pair gained over 7%. Technically, the 20- and 50-day […]

The post AUDUSD Unlocks New 8-Month High Above 0.6800 appeared first on Action Forex.

previous

CPI from Spain and Germany to Give Direction for Tomorrow’s EA Print

next

Euro Tests Key Levels Ahead of Inflation Data

Read More

11/01/2024

Is Oil Headed for Another Supply War?

Oil prices remain under pressure despite Middle East crisis Risk of another supply war between US and OPEC is rising Outlook for oil seems negative as supply outpaces demand Oil unable to capitalize on geopolitical tensions Oil prices have taken a beating in recent months, falling by around 23% since late September despite a series […]
21/02/2024

Canada: Inflation Sees Some Welcomed Cooling in January

Headline CPI inflation cooled more than expected in January, stepping down half a point to 2.9% year-on-year (y/y). Energy prices, and more specifically gasoline prices, were a key part of lower inflation, with gasoline prices down 4% versus a year ago. But even ex-gasoline headline CPI inflation slowed from 3.5% y/y in December to 3.2% […]
16/01/2024

Canada: Little Progress on Inflation in December

As expected, headline CPI inflation moved in the wrong direction in December, rising three ticks to 3.4% year-on-year (y/y). Energy prices, and more specifically gasoline prices, were a key culprit boosting headline CPI higher. Gasoline prices fell on a monthly basis, but are now 1.4% higher  than a year ago, a big swing from being […]