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The Australian dollar has fallen almost 1% after the US nonfarm payrolls and has given up today’s earlier gains. In the North American session, AUD/USD is trading at 0.6644, down 0.40%. The US dollar has started 2024 on the right foot, recording gains against most of the major currencies in the month of January. The […]

The post Aussie Slides After Hot US Nonfarm Payrolls appeared first on Action Forex.

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The Weekly Bottom Line: Resilient Labor Demand and A Patient Fed

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14/03/2024

Canadian Dollar Seeks Opportunities for Growth

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen. Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth increased by 1.8%, or 300 billion Canadian dollars, smoothing out the decline seen in the previous quarter. This increase can […]
23/08/2024

All Eyes on Powell’s Jackson Hole Speech Today

In focus today The annual Jackson Hole Economic Policy Symposium organized by the Kansas City Fed continues today and runs until Saturday. Today markets pay the closest attention to the Fed chair Powell’s speech which is due at 16.00 CET. Markets pay close attention to Powell’s assessment of the current state and monetary policy, and […]
17/06/2024

Gold Price Outlook: Bears Take Early Control as US Dollar Index (DXY) Rises

Gold surrendered Friday’s gains as a retest of $2300 gains momentum. US dollar index (DXY) rises but faces stern resistance at 105.63. Geopolitics remains on the back burner for now, but risks remain. Fundamental Overview and Week Ahead Gold prices began the week on the backfoot, with a slight gap to the downside at the […]