Logo-color Logo-white

Key insights from the week that was. In Australia, the latest Monthly CPI Indicator reported an easing in both headline and underlying (trimmed mean) inflation, from 3.8%yr and 4.1%yr in June to 3.5%yr and 3.8%yr in July respectively, broadly in line with expectations. The onset of cost-of-living relief measures were crucial to the latest step-down, […]

The post Cliff Notes: Capacity is Paramount appeared first on Action Forex.

previous

EURUSD Wave Analysis

next

Sentiment Remains Strong Despite Nvidia

Read More

06/06/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9675 Likely to rise to resistance level 0.9800 EURCHF currency pair recently reversed up from the pivotal support level 0.9675 (former resistance from November and strong support from April). The support level 0.9675 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward […]
19/08/2024

RBA’s Bullock Says No Rate Cuts Coming, Aussie Soars

The Australian dollar has started the week with slight gains. AUD/USD is trading at 0.6685 in the European session, up 0.24% on the day at the time of writing. Earlier today, the Australian dollar rose as high as 0.6694, marking a one-month high. Will RBA minutes shake up the Aussie? Hawkish remarks from Reserve Bank […]
31/05/2024

USD/CHF Rate Falls Over 1% After SNB Chief’s Statements

As evidenced by the USD/CHF chart, yesterday one US dollar was worth 0.913 Swiss francs, but today it is already 0.903, indicating a rate drop of approximately 1%. According to MT Newswires, the franc’s strengthening is attributed to statements by Swiss National Bank (SNB) President Thomas Jordan. In his view, an overly weak franc is […]