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China has announced a range of stimulus measures recently. This pivot has been needed partly because of longstanding fragilities. It is hard to see a lasting upside for Australian iron ore exports from the moves. In recent weeks, Chinese authorities have announced a range of stimulus measures, along with some vaguer statements of intent to […]

The post China Stimulus and Headwinds appeared first on Action Forex.

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Consensus-Beating UK Retail Sales Triggers a EUR/GBP Break Lower

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11/12/2023

GBP/USD – Pound Edges Higher ahead of UK Job Data

UK to release employment report on Tuesday US nonfarm employment payrolls beats forecast and rise to 199,000 The British pound is showing little movement at the start of the week. In Monday’s European session, GBP/USD is trading at 1.2576, up 0.22%. It’s a busy week for UK releases which could translate into volatility from the […]
03/07/2024

AUD/USD Range-Bound: What Could Spark Fresh Increase?

Key Highlights AUD/USD is trading in a range below the 0.6700 resistance. A key rising channel is forming with support at 0.6625 on the 4-hour chart. Oil prices extended gains and approached the $85.00 resistance. The US ISM Manufacturing Index could remain below 50.0 at 49.0 in June 2024. AUD/USD Technical Analysis The Aussie Dollar […]
11/05/2024

Weekly Economic & Financial Commentary: The Calm Before the Storm

Summary United States: The Calm Before the Storm Was it an unwillingness to share the limelight with the world’s central banks or just a quirk of the domestic economic calendar? Either way, it was an extraordinarily light week for U.S. economic data. Next week: Consumer Price Index (Wed.), Retail Sales (Wed.), Industrial Production (Thu.) International: […]