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Australian GDP falls to 0.2% AUD/USD rebounds after two-day losing streak The Australian dollar has bounced back on Wednesday and snapped a two-day losing streak. In the European session, AUD/USD is trading at 0.6574, up 0.34%. Australian GDP eases to 0.2% Australia’s GDP rose 0.2% q/q in the third quarter, below the consensus estimate of […]

The post Australian Dollar Rebounds Despite Soft GDP appeared first on Action Forex.

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13/12/2023

UK Needs Lower Rates and a Weaker Currency

A series of macro statistics continue to be published to help build a picture of the economy ahead of the Bank of England’s final decision on Thursday. The economy is reported to have lost 0.3% for October, pulling back in volume to July levels. This is a wake-up call from industrial production and construction, which […]
02/05/2024

Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part III

Part III: Where Is Stagflation Headed from Here? Summary In the first installment of this series, we presented a simple framework to characterize stagflation and identified 13 instances in the United States since 1950. We briefly summarized past episodes of stagflation in the second installment. In this final report, we consider the risk of stagflation […]
24/07/2024

Market Analysis: EUR/USD Trims Gains While USD/CHF Regains Strength

EUR/USD started a fresh decline below the 1.0900 support. USD/CHF is rising and might aim a move toward the 0.9000 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0950 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at 1.0870 […]