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Quarterly Australian inflation on Wednesday; could surprise on the upside Chinese PMI surveys also on Wednesday; Chinese stock indices remains under pressure Aussie’s outperformance against the US dollar depends on stronger data releases Market focusing on the Fed and US labour data Amidst a week monopolized by Wednesday’s Fed meeting and Friday’s US labour market […]

The post Chinese PMIs in the Spotlight; Australian Inflation Key for Next Week’s RBA appeared first on Action Forex.

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15/07/2024

Bitcoin Once Again Above $60k

Analysing the long-term BTC/USD chart from 16th May, we constructed a “roadmap” for Bitcoin’s price, resembling an expanding fan consisting of a median and support levels below it, and resistance levels above it. Reviewing the BTC/USD chart last time (9 thJuly), we noted: → Support provided by Support Line 3, reinforced by the psychological level […]
15/05/2024

Can Gold Climb to a New Record High?

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02/09/2024

Brace for Impact, it is NFP-Week

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