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AUD/USD starts the week fragile, trading at 5½ week lows in the mid-0.66s. The local and international data slate is thin this week, but consequential events loom in late October and early November – Q3 CPI (30 Oct), US Oct payrolls (1 Nov) and the US election and the RBA (both 5 Nov). A stellar […]

The post Aussie Unsettled as US Election Risks Rise appeared first on Action Forex.

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20/12/2024

USD/JPY Jumps Post-Fed: Can The Rally Sustain?

Key Highlights USD/JPY started a fresh surge above the 154.00 resistance. A key bullish trend line is forming with support at 154.50 on the 4-hour chart. EUR/USD tumbled toward 1.0350 before correcting some losses. AUD/USD and NZD/USD accelerated losses. USD/JPY Technical Analysis The US Dollar formed a base above 152.00 against the Japanese Yen. USD/JPY […]
18/09/2024

Sunset Market Commentary

Markets Focus this morning briefly turned from this evening’s Fed meeting to tomorrow’s BoE policy decision following August UK CPI data. The report was almost exactly in line with expectations. Headline inflation rose 0.3% M/M and 2.2% (from -0.2% M/M and 2.2% in July). Core inflation reaccelerated to 0.5% M/M and 3.6% Y/Y (from 0.1% […]
15/03/2024

Will Canada’s CPI Data Rescue the Wounded Loonie?

BoC sounds less dovish than expected Investors pencil in a first 25bps cut in July Canada’s CPI numbers could affect market expectations The data is scheduled for Tuesday at 12:30 GMT Will the BoC cut interest rates after the Fed? At its latest gathering on March 6, the Bank of Canada (BoC) decided to keep […]