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The Australian dollar is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of thE pattern, suggesting a greater chance that this could be a bullish triangle rather than a deeper corrective move that would take us back to […]

The post Aussie Forming Bullish Triangle, Looking for a Break Higher appeared first on Action Forex.

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AUD/JPY: Aussie Outperformance With Hotter AU CPI

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05/04/2024

Cliff Notes: Marking Time

Key insights from the week that was. Beginning in Australia, the RBA March Minutes revealed important developments in the considerations for, and operational framework around, monetary policy. On the former, it appears the RBA Board did not discuss the case for a rate hike in March, focusing solely on the case to remain on hold. […]
03/04/2024

EUR/USD Drifting as Eurozone Inflation Drops

The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%. Eurozone inflation ticks lower Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and […]
17/09/2024

Is BoJ on Hold Until December’s Meeting?

BoJ expects no change Ueda comments may provide insight USDJPY remains above 140.00 despite a severe sell-off BoJ interest rate decision on Friday at 03:00 GMT BoJ decision to keep interest rate steady At its meeting on Friday, the Bank of Japan (BoJ) is anticipated to keep its monetary policy position unchanged.  Most market watchers expect the Bank […]