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The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing. Job growth shines but unemployment rises Australia’s employment report for June was a mix, leaving investors scratching the heads. The Australian dollar didn’t show much […]

The post Australian Shrugs on Mixed Employment Data appeared first on Action Forex.

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23/10/2024

GBP/USD Extends Losses: Can The Pair Find Support Soon?

Key Highlights GBP/USD started a fresh decline below the 1.3120 support. A connecting bearish trend line is forming with resistance at 1.3025 on the 4-hour chart. Gold prices rallied to a new all-time high above $2,740. EUR/USD declined further and traded below 1.0820. GBP/USD Technical Analysis The British Pound started a fresh decline below the […]
10/04/2024

EURUSD Oscillates Within a Sideways Range

EURUSD trades sideways between 1.0725 and 1.0930 Oscillators confirm the lack of directional momentum A move above 1.0930 may be needed to brighten the outlook EURUSD pulled back on Tuesday, after hitting resistance slightly above the 1.0875 barrier, marked by the high of April 4. In the bigger picture, most of the price action has […]
25/10/2024

What’s Normal, Anyway?

From debt ratios to interest rates to unemployment, simple averages of the past are often not a good guide to where things are headed. One of the frustrations of the post-GFC period was the way some people (and international agencies) assumed that historical averages of key ratios like housing prices or debt to income defined […]